Does “doing the right thing” in corporate affairs result in lower profits? Do people who buy stock only in firms that follow certain ethical practices pay a penalty in terms of lower returns? The question resonates today amid allegations of…
Nuclear waste issue lives on
News of President Bush’s corporate governance speech and Jesse Ventura’s blood clot drove Tuesday’s Senate vote on nuclear waste storage to the fringes of public discussion. But in the long run, how we manage nuclear materials will be one of…
Law of supply and demand also applies to job markets
I know the Bible asserts that truth comes “out of the mouths of babes.” Even so, I was pleasantly surprised to find that microeconomic theory is being taught in the popular “Lemony Snicket” children’s books, which chronicle “a series of…
Surviving roar of the crowd
“Even when reason goes out the door, on the whole, we prosper.” Charles Mackay’s 1841 classic, “Extraordinary Popular Delusions and the Madness of Crowds,” has to be one of the best book titles ever penned. It is particularly fascinating on…