Do Milton Friedman and John Kenneth Galbraith debate in that great economics department in the sky? Both men died in 2006, after remarkably long and distinguished careers as two of the most widely read economists of the 20th century, yet I can only with great difficulty imagine them ever agreeing.[...]
“Everyone has questions about the economy. I started looking for the answers in economics. I found enough insights to get me interested, but I couldn’t seem to make the insights add up. I went back to the original sources, the great economists, and started to see a big picture.[...]
Back in 2010, we presented an animated video where Slavoj Žižek, our favorite Slovenian theorist, identified a new trend in modern capitalism. Nowadays, marketers have found a crafty way to rework Max Weber’s Protestant Ethic.[...]
This morning, the Nobel Prize in Economic Science went to three American professors – Eugene F. Fama (U. Chicago), Lars Peter Hansen (U. Chicago) and Robert J. Shiller (Yale) — ”for their empirical analysis of asset prices.[...]
Here’s an update to our original 2011 post: The social theorist and geographer David Harvey has produced a free online course where he gives a close reading of Karl Marx’s Capital (1867).[...]
Forget putting a bird on it. Put on a dinosaur on it for a surefire hit in our market-driven economy. Director Stephen Spielberg certainly didn’t skimp on the “terrible lizards” when adapting Michael Crichton’s Jurassic Park for the screen, and things turned out pretty well for him.[...]
F. Scott Fitzgerald was right. The rich really are different from you or me. They’re more likely to behave unethically.
That’s the finding of a group of studies by researchers at the University of California, Berkeley.
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Americans sometimes complain that, unlike the currency of many other countries, which feature portraits of artists, scientists, and writers, U.S. dollar bills don’t tend to feature intellectuals.
Last fall, Tyler Cowen and Alex Tabarrok, two econ professors from George Mason University, launched MRUniversity, a MOOC platform that brings economics courses to the larger world.[...]
They sound like something out of science fiction, but Bitcoins are getting just a little bit more real every day. They’re intangible and invisible, but bitcoins recently attracted some real investment capital from the Winklevoss twins, who first dreamed up the idea for Facebook — or so their lawsuit argued.[...]