For a crowd to be smart, the people in it need to be not only diverse in their perspectives but also, relatively speaking, independent of each other.….

Unlike most government programs, Social Security and, in part, Medicare are funded by payroll taxes dedicated specifically to them. Some of the tax r….

The Xbox 360 is the best game console ever designed. It's fast and powerful - games look as good on the 360 as on high-end PCs that cost six times as….

Sometimes you have to destroy your business in order to save it..

Art collecting has traditionally been the domain of wealthy individuals in search of rewards beyond the purely financial..

You'll sometimes hear from people that they actually do a better job of getting their work done when they have a lot of other obligations - in effect….

The ban on sports betting does exactly what Prohibition did. It makes criminals rich..

Markets work best when there's lots of information available and a historical track record to go on; they excel at predicting things like horse races….

Instead of mindlessly tossing billions at or taking billions from the Net as such, investors should be spending their time making sure that it's the ….

Being unemployed is even more disastrous for individuals than you'd expect. Aside from the obvious harm - poverty, difficulty paying off debts - it s….

Flexible supply chains are great for multinationals and consumers. But they erode already thin profit margins in developing-world factories and foste….

I do think that procrastination evolved in humans for good reasons. If you're trying to stay alive as a human being on the savanna 20,000 years ago, ….

Unfortunately, there is something of a flaw in this idealized picture of the way the scientific community discovers truth. And the flaw is that most ….

The autocracies of the Arab world have been as economically destructive as they've been politically repressive..

The paradox of Steve Jobs's career is that he had no interest in listening to consumers - he was famously dismissive of market research - yet nonethe….

I do think to some extent multitasking is a way of fooling ourselves that we're being exceptionally efficient..

In the days when corporate downsizing was all the rage, Wall Street took a lot of flak for judging companies too harshly and setting the bar for corp….

The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold.….

The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few in….

On the simplest level, telecommuting makes it harder for people to have the kinds of informal interactions that are crucial to the way knowledge move….

Disasters redistribute money from taxpayers to construction workers, from insurance companies to homeowners, and even from those who once lived in th….