The Connection Between Bedtime and Gridlock

Instead of Google Maps, we might be able to avoid rush hour traffic congestion by looking at everyone’s electrical usage.

How to Defend or Oppose Thomas Piketty

Summarizing Thomas Piketty’s voluminous research in his new book, Capital in the Twenty-First Century,” the NY Times said that looking back, we have overstated the beneficence of capitalism and looking forward, gross income inequality is our destiny unless policies radically change.…

Economic Coloring Books

To what extent are you a freshwater or saltwater economist? Several coloring books might help you decide. But first, some background… The original homes of the freshwater economists were the Universities of Chicago, Minnesota and Rochester while the saltwater economists…

Irrational and Rational Expectations

Sometimes, expectations can determine outcomes. In articles on the placebo effect, Wired and the New Yorker tell us that people tend to believe that green pills are best at diminishing anxiety, brand names are better, and medication taken 4 times…