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Economics

Warren Buffett and the Business of Life: Part 2 of 7

Alice Schroeder | Posted 11.05.2009 | Books

Read More: Berkshire Hathaway, Excerpt, Economics, Books, Stock Market, Economic Crisis, Business News, Warren Buffett, Financial Crisis, The Snowball, Alice Schroeder, Business, Books News
Alice Schroeder

Buffett would always love reading newspapers, but his investing was tightly focused on simple businesses that were as close to immortal as possible. Newspapers no longer qualified.

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When Political Ideas Have Costs

Scott de Marchi | Posted 11.03.2009 | Politics

Read More: Political Capital, Politics, Capitol Hill, Research, Economics, Decision-Making, Health Reform, Books, Fec, Politics News
Scott de Marchi

Talk and inaction are relatively cheap for US legislators, since their own health care plan will remain the same whether or not legislation passes. Political ideas need to have a cost.

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Warren Buffett and the Business of Life: Part 1 of 7

Alice Schroeder | Posted 10.29.2009 | Business

Read More: Excerpt, Book Excerpt, Economics, Books, Economic Crisis, Aig, Business, Eliot Spitzer, Berkshire Hathaway, Merrill Lynch, Wall Street, Gen Re Securities, Warren Buffett, Sec, The Snowball, Alice Schroeder, Business News
Alice Schroeder

Warren Buffett is never more himself than when he is given the chance to invest in something he wants at a price of his choosing.

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What is Work? America Re-Imagined at Pop Tech (Day 1)

Sharon Glassman | Posted 10.23.2009 | Local

Read More: Creativity, John Fetterman, Kurt Anderson, Poptech, Braddock Pennsylvania, Innovation, Predictably Irrational, Dan Ariely, Economics, Social Networking, Social Entrepreneurship, Local News
Sharon Glassman

While many of us believe that more money is a motivator, it's actually a stressor that inhibits performance.

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Ralph Anspach: Economist Spent Decades Fighting Monopoly Game's Corporate Owner

Wall Street Journal | MARY PILON | Posted 10.20.2009 | Home

Read More: Monopoly History, Economics, UC Berkeley, Monopoly, Origins, History of Monopoly, Ralph Anspach, Great Depression, Monopoly Game, Landlord's Game, Monopoly Board Game, Hasbro, Supreme Court, Elizabeth Magie, Economist, Professor Anspach, Parker Brothers, Home News

Ralph Anspach, an 83-year-old economics professor, spent decades locked in a real-life battle with Monopoly and its corporate owners. The campaign den...

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Why Ostrom's Nobel Is Even More Shocking Than Obama's

Randall Amster | Posted 10.14.2009 | Business

Read More: Resources, Tragedy of the Commons, Elinor Ostrom, Nobel Prize, Obama Nobel Peace Prize, Nuclear Weapons, Economics, Conflict, Cooperation, Resource Conflict, War, The Commons, Nobel Peace Prize, Socialism, Mutual Aid, Business News
Randall Amster

Make no mistake, despite the somewhat tame Nobel committee description, Ostrom's body of work is inherently radical, demonstrably anti-corporate, and implicitly socialistic.

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Time for Economic Polluters to Pay Up? Tobin or not Tobin...

Sony Kapoor | Posted 10.14.2009 | Business

Read More: Merkel, Financial Transaction Taxes, G-20, Sarkozy, Tobin Tax, Keynes, Economic Bailout, Economic Collapse, Bailout, Economics, Economy, Government Spending, Finanical Crisis, Fiscal Policy, Business News
Sony Kapoor

The financial crisis, the biggest in living memory, has tilted the political and financial landscape in a direction that makes Tobin Taxes not just more desirable but also much easier to implement.

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The Nobel Prize in Inscrutability (i.e. Economics) Goes to...

Fortune's Stanley Bing | Posted 10.12.2009 | Business

Read More: Social Science, Economists, Oliver Williamson, Elinor Ostrom, Economics, The Nobel Prize in Economics, Inscrutability, Business News
<i>Fortune</i>'s Stanley Bing

The ability to generate a large body of work on matters whose importance are shrouded in mystery is a key attribute of all world-class economists, and Nobel laureates Ostrom and Williamson are in the vanguard.

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Nobel Prize For Economics: Elinor Ostrom, Oliver Williamson Win

AP | JEANNINE AVERSA, KARL RITTER and MATT MOORE | Posted 10.12.2009 | Business

Read More: Oliver Williamson, Elinor Ostrom, Nobel Prize, Nobel Prizes, Economics, Nobel Prize Economics, Business News

WASHINGTON — One scholar studies how best to manage resources like forests, fisheries and oilfields. A fellow American looks at why some compani...

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Are Hispanics Just Plain Dumb? Many of Us Think So

Daniel Cubias | Posted 10.07.2009 | Politics

Read More: The Weakest Link, Game Shows, Latino, Freakonomics, Economics, Hispanic, Racism, Discrimination, Post-Race, Intellectualism, Prejudice, Salk Vaccine, Bigotry, Politics News
Daniel Cubias

White people will go out of their way to avoid looking like they're picking on black people. But when it comes to, say, Hispanics, all bets are off.

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Sam Stein

Poll: Obama Doing Woeful Job Selling Stimulus

HuffingtonPost.com | Sam Stein | Posted 10.06.2009 | Politics

Read More: Obama New America Media, Obama Stimulus Ineffective, Economics, Obama Stimulus, Tax Cuts Stimulus, Obama, Stimulus Plan, Obama Stimulus Package, Stimulus Impact, Stimulus, Stimulus Package, Politics News

A huge swath of the American public has either not personally benefited from the stimulus package or not heard of the Obama administration's signature...

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"The Endowment Effect": What Behavioral Economists Get Wrong

businessinsider.com | John Carney|Oct. 5, 2009, 8:58 AM |13 | Posted 10.05.2009 | Business

Read More: Endowent Effect, Economics, Behavioral Economics, Business News

Despite what numerous experiments by behavioral economists seem to show, people do not magically over-value stuff they just happen to already own. Wh...

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Health Care Pizza

D. Brad Wright | Posted 10.02.2009 | Politics

Read More: Health Care Reform, Politics, Pizza, Economics, Health Policy, Health Care Costs, Health Care, Politics News
D. Brad Wright

Solomon really nailed it on the head when he wrote "What has been will be again, what has been done will be done again; there is nothing new under the sun." One of the "old" things under the sun, is health care costs.

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Mitt Romney's Foreign Policy Vision, in Need of Corrective Lenses

Frankie Sturm | Posted 10.21.2009 | Politics

Read More: American-Decline, Economics, Foreign Affairs, President Obama, Mitt Romney, Neoconservatism, Obama Foreign Policy, Foreign Policy, Gdp, National Security, Neocons, National Intelligence Council, President Obama Administration, Neoconservatives, Neo-Conservatives, American Decline, Politics News
Frankie Sturm

The fact that economies in Europe, Asia, and elsewhere have grown since 1945 is not a sign of American decline. It's a testament to US leadership.

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The Lagging Indicator

Mike Lux | Posted 09.22.2009 | Business

Read More: Trickle-Down Economics, George H.W. Bush, Ronald Reagan, Economics, Financial Reform, Supply-Side Economics, George W. Bush, Financial Crisis, 2009 Obama Administration, Business News
Mike Lux

The fights for financial regulation is symbolized by a phrase that the President and his economic advisors repeat too often, indicative of a much deeper problem in their thinking.

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Does Anyone in the Healthcare Debate Really Care About Health?

Randall Amster | Posted 09.21.2009 | Living

Read More: Big Pharma, Opportunity, Naturopathic, Lobbyists, Health Insurance, Diet, Stress, Education, Health, Nutrition, Health Care Reform, Food, Universal Health Care, Health Care, Medicine, Healthcare, Economics, Politics, Living News
Randall Amster

How many plans in existence today provide coverage for midwives, naturopaths, nutritionists, masseuses, or the like?

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California Attorney General Brown To Launch Investigation Into Rating Agencies' Role In Fueling The Financial Crisis

The Huffington Post | Posted 09.16.2009 | Business

Read More: Attorney General Jerry Brown, Credit Ratings, California, Economics, Jerry Brown, Economic Crisis, Credit Rating Agencies, Financial Crisis, U.S. Economic Crisis, Wallstreet, Wall-Street, Business News

California AG Jerry Brown joins the ranks of Attorneys General to scrutinize the disastrous role the credit rating agencies played in the financial cr...

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Chairman Bernanke, We Don't Believe It Is Over

Michelle Kraus | Posted 09.16.2009 | Politics

Read More: Tarp, Economics, Mortgage Crisis, Media, Obama Health Care, Recession, Lending Crisis, Investment Banks, Wall Street, Rachel Maddow, Joe Wilson, Bernanke, Health Care Reform, Banks, Fed Chairman Ben Bernanke, Refinancing, Economic Recovery, Ben Bernanke, Media News, Wall Street Bonuses, Tea Party, Politics News
Michelle Kraus

There is a reason that the American people are losing ObamaHope. It's not just unemployment. The reality cuts much deeper than the everyday lives of normal people.

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Obama's Retirement Plan Needs More Nerve

Eric Schurenberg | Posted 09.10.2009 | Business

Read More: 401(K), Retirement Plans, Barack Obama, Behavioral Economics, Income Tax, Ira, Cigarettes, Smoking, Economics, Behavior, Campaign Finance, Savings Bonds, Retirement Account, Contribution, Business News
Eric Schurenberg

The president announced a handful of new initiatives designed to make it easier for American workers to save more for retirement, that makes use of behavioral economics.

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Will Low-Skilled Workers Benefit from Economic Recovery?

Brandon Roberts | Posted 09.10.2009 | Business

Read More: No Worker Left Behind, Working Poor Families Project, Unemployment, Economics, Politics, Jobs, Education, Job-Creation, Schools, High School Diploma, Joblessness, Political News, Economy, Unemployed, Ged, Business News
Brandon Roberts

For millions of Americans at the margins of the labor market, a return to aggregate economic growth is unlikely to improve their personal circumstances.

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The Economisseds

Harry Moroz | Posted 09.09.2009 | Business

Read More: Douglas Rushkoff, Nancy Folbre, Unemployment, Economics, Prolonged Unemployment, Economic Recovery, Paul Krugman, Stimulus, Markets, Business News
Harry Moroz

Is market recovery really the same thing as economic recovery?

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Disease-Driven Earnings: Is It Time for a New Prescription for "Generation Rx"?

Robyn O'Brien | Posted 09.10.2009 | Business

Read More: Laura Bush, Money-Driven-Medicine, American Cancer Society, World Health Organization, Economics, Swine Flu, New York Times, Barack Obama, Business News
Robyn O'Brien

In our country, sickness sells. With money-driven medicine, there is little incentive to prevent illness.

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Practical Economics 101

Jim Selman | Posted 10.23.2009 | Living

Read More: The Beatles, Freshwater Economists, Economics, Enron, New York Times, Bill Gates, Worldview, Technocrat, Saltwater Economists, Bernie Madoff, Arthur Anderson, paul_krugman, Neo-Keynesian, Living News
Jim Selman

Can any of us afford the arrogance to operate as if our point of view is the truth?

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On Labor Day and Every Workday, Single Women Struggle to Stay Even

Page Gardner | Posted 10.20.2009 | Politics

Read More: Women, Labor, Unemployment, Economics, Labor Unions, Labor Day, Health Care Reform, Afl-Cio, Recession, Politics News
Page Gardner

Now as before the recession, working women are particularly vulnerable to economic insecurity -- especially the 53 million "women on their own."

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Simon Johnson on the Evidence for Overmighty Finance

Robert Teitelman | Posted 10.18.2009 | Business

Read More: Economic Data, Willem Buiter, Simon Johnson, Economics, Benjamin Friedman, Finance, The Baseline Scenario, John Plender, Investment Banks, Business News
Robert Teitelman

For all its influence, economics doesn't really have much to say about something as fundamental (and yes, complex) as the relationship between the size of the financial sector and growth in the real economy.

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