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Category: Blogs: News

This site will up date hot news to you that including Economics News , Politics , Sport , The Bush Administration woke to an embarrassing situation Sunday morning–all of the tax refund checks sent out are bouncing. - More details

Category: Arts & Humanities: Institutes

The ultimate expression of life is not a paycheck. The ultimate expression of life is not a Mercedes. The ultimate expression of life is not a million dollars or a bank account or a home. Here’s the ultimate expression of life in my opinion, and that is living the good life. Here’s what we must ask constantly, “What for me would be a good life?” And you have to keep going over and over the list. A list including areas such as spirituality, economics, health, relationships and recreation. What would constitute a good life? I’ve got a short list. - More details

Category: Business & Economy: Industrial Equipment

Ronald Coase, the Nobel Prize winner of economics in 1992, brought the transaction cost theory to the world (or at least this transaction cost theory has been assigned to him). - More details

Category: Business & Economy: Finance and Investment: Insurance: Business Insurance

While scientists developed sensory-input devices to mimic the sensations of a virtual world, the games industry eschewed this hardware-based approach in favour of creating alternative realities through emotionally engaging software. “It turns out that the way humans are made, the software-based approach seems to have much more success,” writes Edward Castronova in an illuminating guide to these new synthetic worlds. - More details

Category: Blogs: Internet

If the thought of a book on economics is about as exciting as watching your toenails grow, or you are under-whelmed with statistics and number crunching theory, then the bestselling book Freakonomics : A Rogue Economist Explores the Hidden Side of Everything just might be the book to make you wake up without that extra cup of Starbucks’ best. Actually, Freakonomics is an engaging read because it seems to be more about sociology and psychology than boring numerical analysis. With its well-paced and easy reading style, this book shows how the resulting correlation and causality of data impacts our lives and definitely makes us think differently about facts and figures. The authors, Steven Levitt and Stephen Dubner, contend, “What this book is about is stripping a layer or two from modern life and seeing what is happening underneath,” exposing why conventional wisdom is so often wrong. In effect, there are real tangible benefits in thinking laterally. To be sure, their seemingly off-the-wall comparisons are definitely attention grabbers. Who would have ever thought to make the unlikely comparison of teachers and sumo wrestlers to show that economics is, in essence, the study of incentives. But for those of you who desire a smooth flowing book, with multiple concepts building to an ultimate conclusion, you might be disappointed. Actually, the book presents six wholly different topics, with no unifying theme. And while Freakonomics does jump seemingly randomly from question to question, there are some lessons to be learned. For example, the book demonstrates that the most obvious reason why something happens is not always the real reason. To be sure, sometimes the real reason doesn’t even make the list of possibilities. Or, as is often true in the case studies given in Freakonomics, the cause turns out not to be the cause at all, but the effect. - More details

Category: Blogs: Internet

If the thought of a book on economics is about as exciting as watching your toenails grow, or you are under-whelmed with statistics and number crunching theory, then the bestselling - More details

Category: Blogs: Internet

We are clearly well past the innocent “golden age” of the Internet - Darwinian economics have - More details