January 14, 2013 Here's a scene that will be familiar to anyone who's ever taken an introductory economics course. The professor has just finished explaining that in economics, "efficiency" means that there are no possible gains from trade. Then some loudmouth kid in the back raises his hand and asks: "Wait, so if ...
September 7, 2012 The well-known statistics on American obesity were anecdotally confirmed for me on a recent layover in Canada, when I was struck once again by how easy it is to tell Canadians from Americans. Those who headed for the "American passport holders" line looked lumpy in all the wrong places. Those ...