It’s notoriously hard to predict gas prices. Who would have thought in 2006 that we’d be paying $4 a gallon in 2008? Or, as prices peaked last year, that we’d be filling up for $2.50 a gallon this summer?
That said, civil engineer and Forbes reporter Chris Steiner argues that prices will rise precipitously over the next few decades. (It would probably make as much sense to argue that electric cars will take over and gas prices will fall, but that’s another argument for another day.) Read More »
Naked self-promotion: the third edition of my book, Economics Is Everywhere (Worth Publishers), has just appeared. It contains little articles like those I have included on this blog (and, no doubt, some of the posts from this blog will be included in the fourth edition). I love many of the stories, but my all-time favorite from among the 700 that have been in the book’s various editions combines several basic economic ideas: Read More »
Barry Ritholtz, in his new book Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy writes, “The iconic image is the American cowboy. You can picture him on a cattle drive, wearily watching over his herd. All he needed to get by were his wits, his horse — and his trusty Winchester.” Read More »
My Dutch friends tell me that they read foreign (non-Dutch) novels that are translated into English rather than into Dutch.
Their English is very good, but their Dutch is clearly better. So, I ask, why read in English? Read More »
You can read Malcolm Gladwell’s review Chris Anderson’s Free: the Future of a Radical Price online for free–except of course for the price you paid for your computer, mobile device, electricity and internet connection. This hitch is just one problem Gladwell has with Anderson’s idea… Read More »
These debates notwithstanding, Wikipedia’s popularity continues to make standard encyclopedias look as hip as buggy whips.
I recently had occasion to visit India for the first time to speak at a conference put on by the media conglomerate India Today. Sadly my visit was very short, just a toe-touch. Still, it was fascinating from start to finish. On the way over, one of the flight attendants told me she was using […] Read More »