Terrorists and your valentine have more in common than you think

Economics is the study of human action; it’s the study of individuals making choices. As a result, we can use the “economic way of thinking” to understand the decisions people make when it comes to all types of behavior, including dating and marriage, Spring break and Vegas vacations, and, yes, even why terrorists commit acts of violence or voluntarily die for their cause. Continue Reading...

Elizabeth Holmes is the con artist we were all waiting for

Elizabeth Holmes has been found guilty on four of 11 federal charges of wire fraud and conspiracy, after promising revolutionary blood test technology from her corporation, Theranos. The promised disruption was something people desperately wanted and still want: cheap, quick blood tests, requiring only a finger drop of blood. Continue Reading...

Give thanks for economic efficiency

I have never been to an event or cocktail party where raising the issue of economic efficiency engendered a particularly emotional discussion or any level of enthusiasm. I have never been to a Thanksgiving dinner table where someone gave thanks for GDP growth. Continue Reading...
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