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.[...]
Hans Rosling knows how to make a concise, powerful point. His mastery of statistics and visual aids doesn’t hurt. Behold, for instance, the Karolinska Institute Professor of International Health visualizing the health of 200 countries over 200 years with 120,000 data points.[...]
Tireless New York Times columnist and Nobel-prize winning Princeton economist Paul Krugman has long played the role of Cassandra, warning of disasters while the architects of policy look on, shake their heads, and ignore him. I’ve sometimes wondered how he stands it.[...]
Here’s one thing you can look forward to early next year. Dan Ariely, a well-known professor of psychology and behavioral economics at Duke University, will present A Beginner’s Guide to Irrational Behavior as a Massive Open Online Course (MOOC).[...]
A great year for open education got even better with the launch of Marginal Revolution University. Founded by Tyler Cowen and Alex Tabarrok, two econ professors at George Mason University, MRUniversity promises to deliver free, interactive courses in the economics space.[...]
The Invisible Hand:
Back in 2011 The Open University released an engaging series of animated intellectual puzzles called 60-Second Adventures in Thought, narrated by the British comedian and writer David Mitchell.[...]
When someone questions the effectiveness of Keynesian economics, the obvious reply is: Remember World War II?
The British economist John Maynard Keynes argued that there is a role for government intervention when aggregate demand for goods and services drops, as it did during the Great Depression.
Is it a tragedy? Is it a farce? In the land once called East Germany, in a town once called Karl-Marx-Stadt, a bank called Sparkasse Chemnitz ran an online poll letting customers vote for images to place on their credit cards. And the hands-down winner was Karl Marx, an ironic pick given that … well, you don’t need me to explain why.[...]
In 1993, CBS 60 Minutes journalist Morley Safer ruffled a few feathers in the art world with a piece called “Yes…But is it Art?” The program featured works made up of things like vacuum cleaners, empty canvases–even a can of human feces, which the artist had labeled “Merda d’artista.[...]