A senior professor of economics argues that the economics now being taught in university classrooms “makes it appear as though markets descended straight from heaven while maintaining a conspiracy of silence on the Achilles heals of free markets such as not paying sufficient attention to safety, not caring enough about the environment, and being indifferent to the welfare of future generations.”Full Story»
Proponents argue that once driverless cars are widely available many of us will forego owning our own cars in favor of car-sharing.
In an excerpt from their new book, two senior McKinsey consultants argue that rather than facing a crisis because of natural resource scarcity, businesses confront an opportunity that will reframe the world’s economy and create opportunities for trillions of dollars in profits.
An investigation of pay practices in Major League Baseball has been expanded to include two more teams—the Baltimore Orioles and Oakland A’s—bringing to four the number of clubs that have come under scrutiny for possible violations of U.S. wage standards. The Labor Department’s focus is pay for clubhouse and administrative workers and interns, who in some cases have gotten less than the minimum wage or were not paid overtime, as the law requires.
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