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Our Economics Public Service Announcement for April

…a business research site that provides plain-language summaries of working papers in economics, finance, and world trade. It’s also the home of “Silly Economist,” which pokes fun at blatant lapses…



Pity the Payday Lenders

…members of the military would be to enact legislation that essentially incorporates protections such as those in CFSA’s Military Best Practices and applies them to all creditors, including finance companies,…



Menthol Cigarettes Apparently Too Damn Tasty

…days for putting together The Covenant With Black America, a collection of essays about education, health care, crime, finance, and so on. The implicit point is that black America still…



Economist-Speak

…paper, “On the General Relativity of Fiscal Language,” by Laurence J. Kotlikoff and Jerry Green, which admits that the language of economists (well, the ones who write about finance at…



The Danger of Congestion Pricing

…grants to finance construction of so-called congestion pricing systems.” The people developing these systems will probably proceed with a bit more caution in light of the fact that a letter…



Nice News From China

…of Honor Guangdong Economics Publishing House The publishers of “Freakonomics” are hereby awarded the 2006 “New Path Prize” for finance publications. Jesse explained that he came up with “New Path…



Will All My Friends Be Moving to India Now?

…English is not only the international business language, but the language of aspiration for the up-and-coming Indian.) In the last few years, several of my friends who work in finance



Who Gets Better With Age?

An article in today’s Wall Street Journal asserts that, while various life skills seem to deteriorate as people get older, our skill at making personal-finance decisions doesn’t peak until the…



The Surprising Economics of Aviation

The New York Times had a great piece yesterday on Steven Udvar-Hazy, founder and chief executive of the International Lease Finance Corporation and one of the most powerful figures in…



Starting Over

…politics, energy consumption, finance, cancer research, etc. One natural way to approach such systems is to take note of what inputs and outputs already exist and then, isolating them, try…




Real-Estate Sleight of Hand

Itzhak Ben-David is a Ph.D. candidate in finance at the University of Chicago’s Graduate School of Business. (Levitt is one of his dissertation advisors.) While pursuing his original research idea…




The False Altruism of Alumni Giving

…private schools before college, and 40 percent attain an advanced degree afterward.” As further indication that the school is among the more prestigious: the “fields of education, finance, health care,…




Mick Jagger, Profit Maximizer

…he was also a student of finance and accounting at the London School of Economics. He did not graduate from LSE, however; he attended for just a short time. I…



The FREAKest Links: Little Shop of Kidneys Edition

…Montfort University finance professor Panagiotis Andrikopoulos has published a study on the “predictive power of corporate name changes on companies’ subsequent long-term stock market performance,” using a sample of 803…



Yo! Yo! Yo-Yo!

…Hsu, one of two young Merrill Lynch employees who left finance to start a yo-yo company, Yo-Yo Nation. Weber asked if we wanted them to create a special promotional Freakonomics…



Where Are All the Indian Poker Players?

…Considering that there are so many Indians of poker age in this country who thrive in finance, computer science, engineering, and other fields that incorporate math, probability, risk, etc. —…



What Would an Independent I.R.S. Look Like?

…years: what would happen if the I.R.S. were independent as well? If you’re interested in the subject, you might want to check out this 1998 testimony before the Senate’s Finance



Prediction Markets in New Orleans: A Guest Post

…is an exciting young finance guy who was recently lured away from U.T. Austin by the Columbia Business School, and his paper, “Does Liquidity Affect Securities Market Efficiency?” arrives at…





From Good to Great … to Below Average

…title of Collins’s earlier book). From Yahoo Finance. Ironically, I began reading the book on the very same day that one of the eleven “good to great” companies, Fannie Mae,…




Our Daily Bleg: Why Do You Vote?

We received an interesting bleg from Martin Saavedra, who is studying international economics and finance at the Catholic University of America and plans to start an economics Ph.D. next fall….



Crikey!

…a bet is framed. One is modern finance, while the other is a repugnant market. Both, of course, are simply state-contingent contracts. But I’m also confused for another reason. The…