We are not getting our money's worth from the "creative destruction" process that the economist Joseph Schumpeter trumpeted. For example, the technology that makes social networking possible monetizes activities that used to be outside the market's purview, while leaving us open to criminal and ...
There is common agreement that the decline of double-digit inflation in the U.S. was the big economic event of the 1980s. But to say that President Ronald Reagan had almost nothing to do with that is wrong.
Nine percent of Americans carry no cash, and
China's government estimates that by 2020, about 30 million eligible bachelors will be unable to find a wife. These are among the year's more interesting 15 statistics compiled by columnist Robert J. Samuelson.
In our mind's eye, old age is to be endured as much as enjoyed, since people fear declining health, growing dependence and increasing social isolation. Then why do public opinion surveys show that, on average, people count themselves happier after age 65?