Hours Worked and Productivity

The Economist ran an article recently called “Get a Life”.  It argues that there tends to be higher worker productivity in countries where people work fewer hours. Excerpt: And it seems that…

More Lying with True Numbers

Headlines like this have been floating around: “For The First Time Ever, A Majority Of Jobless Workers Over 25 Have Been To College” I often see such headlines paired with…

On shutting down

Agent A makes a contract with agent B, agreeing to pay B $X. A overspends and has difficulty paying B. A decides not to pay B. In many cases, we…