One Possible Explanation for the January Stock-Market Fall
…year, and for that reason the market may have risen more than it would have otherwise. Indeed, last year’s 30% market gain exceeded most analysts’ predictions. This year may be…
They say they make companies more efficient through savvy management. Critics say they bend the rules to enrich themselves at the expense of consumers and employees. Can they both be…
…year, and for that reason the market may have risen more than it would have otherwise. Indeed, last year’s 30% market gain exceeded most analysts’ predictions. This year may be…
…noted in a wonderful article by E. Woodrow Eckard in the Journal of Sports Economics, the National League began in 1876 with a labor market quite similar to the markets…
Seth Stephens-Davidowitz combs through mountains of information to find advice for everyday life….
How do so many ineffective and even dangerous drugs make it to market? One reason is that clinical trials are often run on “dream patients” who aren’t representative of a…
Jim Yong Kim has an unorthodox background for a World Bank president — and his reign has been just as unorthodox. He has just announced he’s stepping down, well before…
…else (and more than anyone has ever offered for an NBA team) – it seemed likely that in a market economy (where the highest bidder tends to get the product)…
Interest in houseplants has exploded in recent years. But what causes floral trends, and prices, to grow? Zachary Crockett sows a few seeds….
Indra Nooyi became C.E.O. of PepsiCo just in time for a global financial meltdown. She also had a portfolio full of junk food just as the world decided that junk…
…markets to be just as accurate as major forecasting services. The 60 participants in this predictions market experiment, which is in the midst of a two-year run at Smeal’s Laboratory…
…market ethics it wants to sustain collapse.? Inevitably, the Fair Trade market becomes subject to the same laws that drive the conventional commodities market.? When the price of coffee drops,…
Kidney failure is such a catastrophic (and expensive) disease that Medicare covers treatment for anyone, regardless of age. Since Medicare reimbursement rates are fairly low, the dialysis industry had to…
…the Jets and Giants in the middle of the pack, earning less revenue than Tampa Bay, Carolina, or Denver, it is clear that market size has little impact on the…
(Photo: Fiona MacGinty-O’Neill) Al Roth, the Nobel Prize winner and market design guru who’s worked on everything from organ exchanges to school matching, posts a reader email about Wagaroo, a…
The bad news: Roughly 70 percent of Americans are financially illiterate. The good news: All the important stuff can fit on one index card. Here’s how to become your own…
The Economist explains how discrimination in the labor market can be reduced by competition in product markets. As in the U.S., Korean women obtain at least the same education as…
Cecilia Rouse, the chair of the White House Council of Economic Advisors, is as cold-blooded as any economist. But she admits that her profession would do well to focus on…
It may seem like winning a valuable diamond is an unalloyed victory. It’s not. It’s not even clear that a diamond is so valuable.
Gary Johnson, the Libertarian Party’s presidential candidate, likes to say that most Americans are libertarians but don’t know it yet. So why can’t Libertarians (and other third parties) gain more…
In a world where nearly everything is for sale, is it always okay to buy what isn’t yours?
Harvard economist Claudia Goldin and Steve talk about how inflexible jobs and family responsibilities make it harder for women to earn wages equal to their male counterparts. But could Covid…
…the application of modern information technology and relentless accountability. I also cite incentive-based contracts for transportation infrastructure as examples of smart government spending that uses free-market principles to deliver better…
In a word: networks. Once it embraced information as its main currency, New York was able to climb out of a deep fiscal (and psychic) pit. Will that magic trick…
…of private-label mortgage-backed securities issued by others. When these are taken into account, Fannie and Freddie’s share of the sub-prime market financing did increase even in those years. “Asset prices…
…of Real Estate Agents in Greater Boston.” But for those of us who have thought about the Realtor’s role in the housing market, it’s tempting to jump to that conclusion….
The bad news: roughly 70 percent of Americans are financially illiterate. The good news: all the important stuff can fit on one index card. Here’s how to become your own…
We all know the standard story: our economy would be more dynamic if only the government would get out of the way. The economist Mariana Mazzucato says we’ve got that…
The world’s great museums are full of art and artifacts that were plundered during an era when plunder was the norm. Now there’s a push to return these works to…
So you want to help people? That’s great — but beware the law of unintended consequences. Three stories from the modern workplace….
Also: How do you recover from a bad day?…
