Why Does the IMF Care if Britain Leaves the EU?

The IMF is warning against a "Brexit." But what's the history behind the organization that has such an influence in world financial affairs?

What the Titanic Reveals About Class and Life Expectancy

The recent anniversary of the sinking of the Titanic reminds us of the serious and often-roundabout influence socioeconomic status can ...
Tax frustrations

A Brief History of the Income Tax

The significance of the date April 15 is not lost on anyone in the modern United States. But ...
Mt. Washburn from across Canyon, Yellowstone National Park, Wyo.

Do National Parks and Monuments Make Economic Sense?

National parks and monuments can harm local economies in some situations, but in other situations they can substantially boost local economies. 
1776 Lottery ticket issued by Continental Congress to finance American Revolutionary War.

Jackpot: For Colonial Slaves, Playing the Lottery Was a Chance at Freedom

Complaints that the lottery is a regressive tax on the poor have been around since the beginning of the lottery in America.
Juliet Schor

The Road to Utopia: A Conversation with Juliet Schor

JSTOR Daily's Livia Gershon interviews bestselling author and Boston College sociologist Juliet Schor about work and consumption.
Leonardo DiCaprio Photo by Jordan Strauss/Invision/AP, File

When It Comes to the Oscars, the Nomination Is as Good as a Win

Research suggests that an Oscar nomination helps boost sales revenue in the weeks following the announcements. 
"The Destruction of Tea at Boston Harbor", lithograph depicting the 1773 Boston Tea Party

Taxation Without Money

If we'd listened to Ben Franklin back in 1766, would we be listening to Ted Cruz in 2016?
A women riding an exercise bikes at the gym.

Do Incentives Modify Behavior?

How financial incentives help--and don't help--people stick to their resolutions.
Powerball Lottery Ticket

Who Buys Lottery Tickets?

Buying lottery tickets is a desperate measure when you are poor.