economics

 

Main Street: Findlay, Ohio

How many times during the past several years have you heard one commentator or another express the same familiar lament? “We just don’t make anything anymore.” Of course, it’s not true. Not even close. No country exports more than the United States except China. What is true is that millions of manufacturing jobs have been [...]

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Don’t regret the future: why it’s hard to ‘just say no’

We often find it difficult to say no, writes our favorite irrationality specialist Dan Ariely. The reason may be related to how we approach the future.

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The economics of the boring first date

When going on a first date, we try to achieve a delicate balance between expressing ourselves, learning about the other person and not offending anyone, favoring friendly over controversial even at the risk of sounding dull. This approach might be best exemplified by an amusing quote from the film “Best in Show”: “We have so [...]

An age of diminished expectations?

As the United States and European economies continue to struggle, there is rising concern that they face a Japanese-style “lost decade.”

A place for optimism in a new, uncertain world

Since the economic bust and resulting recession, people often ask me whether I’m optimistic about our future. When we think about optimism from the perspective of behavioral economics, two important questions come to mind in light of our present circumstances. First, where do we naturally fall on the range from pessimism to optimism? And second, [...]

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