- Since the state must necessarily provide subsistence for the criminal poor while undergoing punishment, not to do the same for the poor who have not offended is to give a premium on crime.
--John Stuart Mill
- The purpose of studying economics is...to learn how to avoid being deceived by economists.
- Economics is the study of how societies use scarce resources to produce valuable goods and services and distribute them among different individuals.
--Paul Samuelson and William Nordhaus
- Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.
- 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.
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.