Archive for the Economics Category


Death to Pennies!

Published December 6th, 2011

For the last maybe 20 years, I’ve been complaining about pennies. At first I was impressed by the spontaneous order in solutions like the “Have one, leave one. Need one, take one” dish. Then I realized that such accommodations only propped up an evil regime — and I griped to anyone who would listen that [...]

What makes an elite?

Published October 17th, 2010

Paul Sullivan – author of the terrific book, Clutch – has a fascinating piece in Saturday’s New York Times about the growing ranks of social scientists who are studying American elites. As wealth in this country concentrates at the top – and, increasingly, at the top of the top – how that happened and who inhabits this upper echelon [...]

Idea of the day: A Taxpayer Receipt

Published October 3rd, 2010

Every once in awhile, you hear of an idea so blindingly obvious and inarguably wise that you wonder why in God’s name it’s still a notion and not a reality. That happened to me this morning when I heard about the Taxpayer Receipt, the brainchild of the folks at Third Way. In a brief and [...]

Does irrationality have an upside?

Published July 4th, 2010

One of my favorite books of recent years was Predictably Irrational by Duke behavioral economist Dan Ariely. Now Ariely is back with a new book, The Upside of Irrationality, and it’s just as good and, in some ways, even better. Where the last book focused on how poor reasoning can lead us astray, this one explores [...]

Rock out while you wonk out

Published March 25th, 2009

On the drive to Bradley Barbers for a cheap haircut last night, I was listening to Marketplace, when host Kai Ryssdal played a catchy, newly-released pop song about . . . Paul Krugman.The song, written and sung by Jonathan Mann, laments that Krugman isn’t involved in helping the government fix the financial mess and that too much responsibility rests on [...]

Nerd comic of the day

Published March 7th, 2009

(via xkcd and Flowing Data) 

Reality check?

Published March 1st, 2009

The recession is horrid. And yet Americans still lead lives of staggering material abundance. That’s a point driven home in this TV clip, which everyone and her brother has sent to me this week. 

How jobs get reconfigured in a downturn

Published February 8th, 2009

Friday’s unemployment figures reveal once again the grimness of the 2009 labor market. So how are organizations responding? By taking steps that, not too long ago, would have been unthinkable.Consider IBM. According to Information Week, the company is offering its laid-off workers a fab deal: It will give them jobs . . . in emerging [...]

The peculiar syllogism of late 2008

Published December 27th, 2008

I’m not OK. You’re not OK. Therefore, I’m OK.Read more here.

Bonus chart of the day: Annus horribilis in 3D

Published December 11th, 2008

Over at Boing Boing, Cory Doctorow (BTW, have you picked up his book, Little Brother? It’s the perfect gift for any smart, tech-savvy teen) points to the work of Berlin artist Andreas Nicholas Fischer, who has rendered financial charts as wooden sculptures.Below is a piece, fashioned from more than 150 laser-cut wood polygons, in which [...]

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