Joe

reluctantly discarded the notion of my continuing to manage the portfolio after my death abandoning my hope to give new meaning to the term “thinking outside the box.”

“it clearly shows that life satisfaction is highest in the richest countries. The residents of these countries seem to understand that they have it pretty good, whether or not they own an iPod Touch.”

The Fed cut interest rates a quarter point, then said they'd do more, then admitted that no one has any idea what's happening, because economics is not a real "science" and that textbooks should come with warning labels. "Economics is more...

Krugman was on book tour, but he spoke about the current economic issues instead. Paul Krugman is a professor of economics and international affairs at Princeton University, and the author or editor of 20 books and more than 200 professional more...

Women tend to wear their hair long when Japan's economy is doing well and short when there is a slump, the Nikkei business daily reported, citing a survey conducted by Japanese cosmetics company Kao Corp.

Statistical Mechanics of Money, Income, and Wealth. In a closed economic system, money is conserved. Thus, by analogy with energy, the equilibrium probability distribution of money must follow the exponential Gibbs law characterized by an effective temperature equal to the more...

These days it seems like economists are everywhere -- the newspaper, the television, the school system, the bookstore -- speaking in their own special brand of jargon, a language I call "economese". Understanding what they mean is often difficult without more...

a theorized economic and monetary union of the three principal countries of North America, namely Canada, the United States, and Mexico.

hardly any Canadian-grown marijuana crosses the border, because it just doesn't pay.

The most surprising conclusion in The Wealth of Networks for me was the fact that the new attention economy is still built on the same principles as in The Wealth of Nations. Specifically the principles of self interest, division of more...

just published a handy chart outlining the eight ways a bank or investment firm can borrow from the nation’s lender of last resort. Five of them were created since last summer:

For some goods, the main cost of buying the product is not the price but rather the time it takes to use them. Only about 0.2% of consumer spending in the U.S., for example, went for Internet access in 2004 more...

Economists note there should not be two prices for one thing at the same place and time. But, in effect, exactly that has been happening, repeatedly and mysteriously, in trading that sets prices for corn, soybeans and wheat.

"If you're going to do a burglary, you need to have some buyers," Mathis says. "Everybody has everything now."

Organized crime appears to have a hand in trash collection all over the world, from Naples to Tony Soprano's northern New Jersey. Why are gangsters always hauling garbage? It's Mob Economics 101: Find a business that's easy to enter and more...