February 4, 2015
Within the discretionary spending slice of the government spending pie, research and development at the NSF is a tiny part of the federal budget.
February 3, 2015
A person whose goal is growth and innovation, the founder of Parcel is an example of Joseph Schumpeter's high impact entrepreneur and creative destruction.
February 2, 2015
Decisions that relate to standardizing clock time and solar time, and global time zones create commercial negative and positive externalities.
February 1, 2015
Displaying the characteristics of monopolistic competition, Shake Shack is showing how the U.S. burger market is adjusting to a changing consumer.
January 30, 2015
Because of monopoly pricing power, as a price maker with sole Super Bowl broadcast rights, NBC can charge $4.5 million for a 30 second ad slot.
January 29, 2015
Reflecting collective intelligence, markets in Greek CDSs and Greek bonds, and the dwindling deposits of Greek banks show if we'll have a Greek default.
January 26, 2015
January 25, 2015
As baseball history shows, as with GDP, with inflation we need a nominal and real amount to compare different years' salaries and calculate future value.
January 23, 2015
People and nations might perpetuate a bad investment because they look back at their past sunk costs. Instead they should compare future cost and benefit.
January 22, 2015
Through a behavioral economics lens, our reaction to a price relates to a frame or reference point that creates an association with a gain or a loss.
January 19, 2015
In behavioral economics, expectations bias studies on rats from Robert Rosenthal show how the small number of female CEOS is a self-fulfilling prophecy.
January 18, 2015
Behavioral economics explains that we sign up for health clubs and then don't exercise because of unrealistic pre-commitment and upfront payment.