Professor Truman Bewley discusses his book Why Wages Don’t Fall During a Recession

A new study reveals the role of public transportation in urbanizing the poor and keeping them in cities. Full PDF article available for download! 

Second Life, a virtual online world, mimics real life by allowing its subscribers to buy, sell, and develop different types of digital goods and property. By taking a radically different stance towards real-world laws and money than its peer digital worlds, Second Life has developed an intricate freemarket economy with a level of sophistication unseen in other similar programs [...]