Daniel Kahneman is the only psychology professor to have won a Nobel Prize in Economics. His studies with Adam Tversky on how people value...

  “Between June 1998 and June 2008 the notional [1] value of outstanding over-the-counter derivatives exploded from $72 trillion to $673...

December's job report completes the fifth year of this decade. So far, this has been an extraordinarily good decade. First, a simple...

Wages rose 2.1% year over year through June 2014. That's been met with a yawn but it is a phenomenal number. 2.1% doubles wages eve...

Try to wrap your mind around the scale of this tragedy. 9/11 happens. 2,996 lives tragically ended on a Tuesday. The country shocked. And th...

Arab Spring seems to have begun with Mohammed Bouazizi, a 26-year-old Tunisian with 6 kids. Police had confiscated his vegetable cart – his...

This week's release of information about the CIA's torture glosses over something fundamental about the interrogations. Kurt Eiche...

Or perhaps more precisely, I couldn't provide any explanation. This just seems to capture something perfectly.

Keynes had a major insight into economics that people still seem to miss. It has to do with equilibrium and it plays out something like this...

Much of Renaissance art is priceless. If you could own a work by Michelangelo or Botticelli or Raphael you would not only have sublime art t...

On October 13, I made a prediction about job numbers and a prediction about the stock market .  Here is the prediction I blogged abou...

Today's job reports makes for some great facts. In November, the American economy created 321,000 new jobs. 365,000 jobs were announce...

The Global Entrepreneurship Monitor (GEM) report on entrepreneurial activity is promising on two counts for the US. First, it shows that th...

Firearm related deaths per 100,000 Hong Kong: 0.03 Japan: 0.06 US, police only: 0.13 Singapore: 0.16 UK: 0.25 US: 10.30 Honduras: 64.8

A young friend who became a dad this year was commenting about how he has to cut out personal activities now. I was probably in my thirties ...

Protests flared up around the country and violence and looting resulted in at least one death last night in Ferguson following the Grand Ju...

Obama missed a huge opportunity today. We may have 10 million illegal immigrants. Let's assume that half of them have jobs. Just think o...

I love Joe Biden. Today Biden addressed a group of entrepreneurs in Morocco . He spoke about the importance of entrepreneurship and the pat...

Cardinal O'Malley was on 60 Minutes this week. He said, " The tradition in the Church is that we ordain men.” That wasn't the ...

The biggest problem with modern politics is that people never experience good policy. Or bad for that matter. If you go out to eat this...