Economy Sep 21

Column: I, too, once sought refuge

As Syrian refugees traverse through Hungary, economist John Komlos recalls his own journey as a Hungarian refugee in 1956 and urges the United States to take in more Syrian refugees.

Economy Sep 10

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Why we crave what’s cool

What does it mean to be cool? It's a means of standing out, as well as a way of fitting in. In studying the brain, economists have found that when we consume products from status brands, it actually gives us…

Sep 09

From pop songs to Pope Francis, consumerism is often denounced as a poison that thwarts genuine happiness, hampers political participation and erodes social connections. But is it really that bad?…

Those gifts you opened this morning -- they're worth less to you than the gift-giver paid for them, no doubt. That's the deadweight loss of Christmas for you. But plenty of economists are saying "bah, humbug" to economic rationality and…