The increased representation of minority students on the campuses of predominantly White universities in the United States presents increased opportunities for intercultural contact. Studying dating experiences across racial and ethnic lines has been used to determine the existence of a...

This paper examines whether a proactive personality instrument, designed to assess whether an individual possesses personality traits often linked to entrepreneurship, is robust to international applications. We present the instrument to three cohorts of MBA students: a group in Michigan,...

Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...

Most private giving between living generations takes the form of "tied" transfers, such as help with housing downpayments. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the "demonstration...

Economists are not known for their literary imaginations. Flip through any economics textbook and you’ll find a barrage of terms like the ‘Philips curve’ and the ‘Fisher effect’. The jargon is simple enough — empirical relations are usually named after the person who discovered them....

Think of this question as a sword — a sharp piece of steel that cuts through bullshit. In this post, we’ll use it to slice through business-press bullshit about the stock market. You know the stuff — the ubiquitous puff pieces that gush about rising stock prices, as though they benefit...

There’s an old joke that economics is too important to be left to economists. In the same vein, I think rich people are too important to be left to the self-help industry. Yes, the popular appeal of you-can-get-rich-too books is obvious. But what’s not obvious is why so few social scientists...

FROM THE ARTICLE: At the end of November 2023, the New York Times published an editorial: Why Are Nonprofit Hospitals Focused More on Dollars Than Patients? It is certainly a valid question. Most people might assume that not-for-profit (NFP) organisations focus on providing a public benefit...

EXECUTIVE SUMMARY *** Concerns about the market power of large corporations are growing. There are good reasons why monopoly now features so prominently on the political and economic agenda. Mounting evidence shows that corporate concentration stifles innovation and investment, resulting in...