Making Sen$e Dec 25

What are your Christmas gifts worth to you?

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…

Nation Nov 19

Should bankers take a Hippocratic Oath?

Thanks to recent financial scandals and fraud, public trust in the financial industry is low. But a new study published in the journal Nature shows that bankers, themselves, aren't dishonest people; the industry makes them behave dishonestly. What is it…

Economy Dec 11

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Dan Ariely: At $61k a year, college is a bargain

Is college too expensive and are free online courses the answer to the rising cost of full-time college? Dan Ariely's not so sure. Photo courtesy of Flickr user DG Jones. MOOCs. Massive Open Online Courses. By now, the…

Dan Ariely is not just a great and funny teacher, but he's dedicated his life to making the world a somewhat better place. To that end, he's produced an online course on behavioral economics that already has attracted 140,000 students.

Aug 17

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// Update: Watch Land of the Free, Home of the Poor and Americans Facing More Inequality, More Debt and Now More Trouble? to see the first two parts of Paul Solman's ongoing series of reports on U.S. economic…