What's fair?: New theory on income inequality

The increasing inequality in income and wealth in recent years, together with excessive pay packages of CEOs in the U.S. and abroad, is of growing concern, especially to policy makers. Income inequality was identified as ...

'Econophysics' points way to fair salaries in free market

A Purdue University researcher has used "econophysics" to show that under ideal circumstances free markets promote fair salaries for workers and do not support CEO compensation practices common today.

The pros and cons of trading water: A case study in Australia

Water is a commodity, and water rights can be freely traded in an open market. Proponents of the free market approach argue that it leads to the most efficient allocation of water resources, as it would for any other commodity. ...

Crowd-funded videogame console selling fast

The crowd-funded Ouya videogame console hit the market on Tuesday and sold out quickly at online retailer Amazon as well as on the website of major US chain store Target.

How companies prey on your weaknesses: a Robert Shiller Q&A

It's no secret we do things we know we shouldn't. We overeat, gamble away our savings and live like tomorrow will never come. One reason, two Nobel laureates argue, is that there are plenty of businesses happy to lead us ...

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