We need to modernize how we measure national wealth

I recently tried an experiment. I changed several light bulbs, and since one required a little rewiring, I sent my wife (also known as the majority shareholder) a bill for $110.50 (plus GST). In return, she sent me a bill ...

Hermit crabs' lesson on wealth inequality

Can hermit crabs teach us about a common global problem—wealth inequality? The answer is yes, according to a first-of-its-kind study published in the January issue of Physica A.

Why you should think twice before buying that new TV set

Planning to buy a new TV set as a Christmas family gift? Your decision would probably be based on a series of technical characteristics, such as size or screen resolution. Yet at some point you might ask yourself: can I really ...

How to measure inequality as 'experienced difference'

A new way of measuring wealth inequality better accounts for the way we experience it. In a paper published in Economics Letters, economists Samuel Bowles of the Santa Fe Institute and Wendy Carlin of University College London ...

page 1 from 12