1.16.2008

KEEPING UP WITH THE JONESES

Who says econ is boring and irrelevant? Here's an article from Slate about whether and why blacks spend more on "visible goods" (clothes, cars, and jewelry): "Cos and Effect." Keeping up with the Joneses is a sad way to expend material resources no matter how much bank you have; the sad reality is that for those who are poor (both white and black), doing it means less invested in other, better directions.

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Too Short for a Blog Post, Too Long for a Tweet 539

  Here are a couple of excerpts from a book I recently read, "The Decadent Society: How We Became the Victims of Our Own Success,"...