Other Sciences - Economics & Business news

The economics of nice folks

A basic tenet of economics is that people always behave selfishly, or as the 18th century philosopher economist David Hume put it, "every man ought to be supposed to be a knave."

Jun 19, 2008
4.1 / 5 (8) 2

How American consumers view debt: a case study

A new study published this month suggests that while younger Americans are more smitten with credit cards and debt than older Americans, the older generation helps enable their children by encouraging use of credit as a "safety ...

Apr 19, 2011
4.1 / 5 (8) 4 | with audio podcast

Don't (always) talk to your neighbor

Conventional wisdom among managers holds that employees helping each other can only be good for a company. Accordingly, firms spend money, time and effort to promote what’s known as "knowledge transfer." ...

Jul 11, 2011
3.2 / 5 (10) 1 | with audio podcast

Minimum wage hikes don't eliminate jobs

Increasing the minimum wage does not lead to the short- or long-term loss of low paying jobs, according to a new study co-authored by UC Berkeley economics professor Michael Reich and published in the November ...

Dec 02, 2010
4.4 / 5 (7) 31

How the Big Three forgot Accounting 101

The Big Three were so driven by short-term profits that they forgot – or ignored – basic accounting practices that could have helped guard against production decisions with long-term damage, according to an award-winning ...

Jan 26, 2012
4.4 / 5 (7) 6

Middle class woe

the American middle class has been battered by the loss of well-paying jobs for the 70 percent of the workforce without a college degree and failed by would-be protectors in government and private institutions, said panelists ...

May 01, 2012
4.4 / 5 (7) 13