The American economy is booming and robust. Just look at the chart below, which shows that the overall unemployment rate — the share of people within the labor force who are without work but are looking for it — is lower than it’s been in more than 50 years: But wait! Americans just don’t want […]
Generally speaking, buying a Major League Baseball team is one of the best investments you can make. Franchise valuations have skyrocketed over the past few decades, even relative to other growing financial assets. But baseball’s fast economic growth has depended heavily on a source of money — local cable TV revenues — that has suddenly […]
John F. Nash Jr. is widely known as the subject of the Oscar-winning film “A Beautiful Mind,” but his contributions to the advancement of human knowledge are far greater. Nash paved the way for game theory to spread from a collection of toy cases in mathematics to a generalizable theory applicable to virtually anything — […]
John F. Nash Jr. is widely known as the subject of the Oscar-winning film “A Beautiful Mind,” but his contributions to the advancement of human knowledge are far greater. Nash paved the way for game theory to spread from a collection of toy cases in mathematics to a generalizable theory applicable to virtually anything — […]
