Alexander Williams

“IN 1968 Garrett Hardin, a professor of biology, published an article in the journal Science that was to have a profound impact on the social sciences, including economics. In it, he explained “The Tragedy of the Commons”. “Picture a pasture more...

“take a look at price swings in a commodity not in today's news: onions.”

For decades, conventional wisdom has held that daylight-saving time, which begins March 9, reduces energy use. But a unique situation in Indiana provides evidence challenging that view: Springing forward may actually waste energy.

Mr. Munger's magnum opus speech, included in the book, is The Psychology of Human Misjudgment -- an exposition of 25 key forms of human behavior that lead to misjudgment and error, derived from Mr. Munger's 60 years of business experience. more...

Recently, I casually mentioned to a group of guy friends that I thought many guys would be happiest with a 3-day-a-week girlfriend. Everyone present agreed. Some also expressed the suspicion that most women want a 7-day-a-week boyfriend. I bought this more...

Supply, demand and market forces are not just academic buzzwords – they're all around us, influencing everything from fridge-freezers to sex appeal.

Discussion of long tail relevance; the matrix of music sales to number of musical acts is enormous.

government had quietly embarked on a novel experiment to manage Chile’s economy using a clunky mainframe computer and a network of telex machines.

It is the rest state, that which happens when you don't do anything. If you want to experience poverty, just do nothing and it will come.

What IS the Long Tail, and why should you care?