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What would happen if if the US substantially cut defense spending?
Even though violence is dramatically down, the US government is currently spending more than last year on military efforts in Iraq and Afghanistan, currently $720 million in Iraq alone – per day. What would you do with $720million? The credit crunch has slammed into this year and sucked trillions_ of dollars out of the global … Continue reading What would happen if if the US substantially cut defense spending?
Are We Hardwired with a Sense of Irony?
“Well, that’s just great.” Quick, what does that sentence mean? Is the speaker acknowledging some good news, celebrating a joyful event that just took place? Do we take the statement at face value? Or could the person who said it mean something quite different, maybe even the opposite? Are We Hardwired with a Sense of … Continue reading Are We Hardwired with a Sense of Irony?
Why Children Like to Share
Francis Ysidro Edgeworth, the grandfather of modern economic theory, referred to individual self-interest as “the first principle of pure economics.” Until recently, economists routinely equated being rational with being selfish… Why Children Like to Share Continue reading Why Children Like to Share