Why Economists Make Terrible Fortunetellers
Even the (presumably rational) economists of the world love to try to predict the future. They often get it wrong, suggesting that all the rational data in the world is rendered useless by the irrationality of human behavior.
Sex and the Supermarket
Supermarkets represented a major innovation in food distribution—a gendered innovation that encouraged women to find sexual pleasure in subordination.
Why People Want to Be Fitness Instructors
Being a fitness instructor isn’t a very highly-paid job, but, researchers found that the job provides other rewards for the people who love it.
The Different Meanings of Monopoly
Monopoly's real inventor was Lizzie Magie, a progressive Georgist, who believed that land should be collectively owned by all.
When People Thought Charitable Donations Would Save Their Souls
As the Middle Ages progressed, monasteries became a major engine of economic activity in European communities.
An Ad Campaign for Ads
Back in the 1920s and ‘30s, the magazine Women’s Home Companion tried explicitly appealing to its readers to take the ads seriously.
Before Net Neutrality, There Was Radio Regulation
Before today's fight over net neutrality, the US government debated commercial profitability & popular access in the context of a different medium: radio.
Are Free Markets Fictional?
Back in the 1940s, when America's post-war economic system was taking shape, many popular economists agreed that “free markets” were a fiction.
The Populist Power of the American Trucker
How did truckers nudge the American economy toward deregulation?
Elizabeth Warren
An early paper by Elizabeth Warren argues for a Financial Product Safety Commission that would regulate financial products.