- The purpose of studying economics is...to learn how to avoid being deceived by economists.
- True compassion is more than flinging a coin to a beggar. A true revolution of values will soon look uneasily on the glaring contrast of poverty and wealth with righteous indignation.
--Martin Luther King, Jr
- In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.
- The bourgeoisie has stripped of its halo every occupation hitherto honored and looked up to with reverent awe. It has converted the physician, the lawyer, the priest, the poet, the man of science, into its paid wage laborers.
- It is the common error of Socialists to overlook the natural indolence of mankind; their tendency to be passive, to be the slaves of habit, to persist indefinitely in a course once chosen.
--John Stuart Mill
David Coates argues that to win again the US centre-left must build broad class alliances that include the white poor.
A look at new data that confirms that liberals tend to be keener on health related nudges than conservatives.
How an online experiment confirms Kahneman and Tversky's findings on the framing effect.
Jeremy Stangroom looks at the curious case of the nudge that attracted the ire of the British police.
Donald Hirsch cautions against recklessness in the move to a "real living wage" policy.
Dan Hough on cultures of corruption, and how rule changes, in and of themselves, are not enough.