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Where has love gone? Reciprocity, redistribution, and the nurturance gap.
March 1, 1997... It is impossible to maintain civilization with 12-year-olds having babies, with 15-year-olds killing each other, with 17-year-olds dying of AIDS, and with 18-year-olds ending up with diplomas they can't even read. - Congressman Newt Gingrich,...
On the possibility of accurate public prediction.
March 1, 1997... I find it somewhat embarrassing to defend a paper that I published more than 42 years ago. Surely some of the things one has said publicly in the past are wrong, and one hardly needs to react defensively when deficiencies are pointed out in...
Cognitive dissonance as a means of explaining economics of irrationality and uncertainty.
March 1, 1997... INTRODUCTION
Criticizing the standard (neoclassical) optimization model in economics, several years ago Herbert Simon (1978) argued that:
In the past economics has largely ignored the process that rational man uses in reaching his resource...