Looking at William Nordhaus’s study of lighting history, we can see how increasingly cheaper illumination boosted our living standards.…
The Facts You Never Knew About the Nobel Economics Prize
First awarded more than 70 years after the original Nobel Prizes began, the Nobel Economics Prize is worth some unexpected extras.…
Using a Fat Tail to Describe Stock Market Risk
When the unexpected occurs and changes our view of stock market risk, we call it a black swan or fat tail because it is far from the mean of a bell curve.…