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person > George Akerlof
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According to recent studies, in most cases spending cuts have a tendency to weaken economies.
Much of modern economic and financial theory is based on the assumption that people are rational, says author.
The drop in economic confidence was sharper in July 2011 than it was in 2008, due to fears of a US debt default.
The US' biggest economic problem is unemployment, yet the government's approach is to focus on deficits instead.
Japan could have mitigated financial fallout with proper catastrophe insurance, such as GDP "trill" bonds.
By 2010, US farm prices fell only 5 per cent from their 2008 peak, compared with 37 per cent for home prices.
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Swathes of the British electorate continue to show discontent with all things European, including immigration.
Astronomers have captured images of primordial galaxies that helped light up the cosmos after the Big Bang.
Critics assail British photographer's portrayal of indigenous people, but he says he's highlighting their plight.
As Western stars re-release 1980s charity hit, many Africans say it's a demeaning relic that can do more harm than good.

 
 
 
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