Daniel Altman is Big Think's Chief Economist and an adjunct faculty member at New York University's Stern School of Business. Daniel wrote economic commentary for The Economist, The New York Times, and The International Herald Tribune before founding North Yard Economics, a non-profit consulting firm serving developing countries, in 2008. In between, he served as an economic advisor in the British government and wrote four books, most recently Outrageous Fortunes: The Twelve Surprising Trends That Will Reshape the Global Economy.
Pervasive computing is all about interaction between the billions - soon to be trillions - of microprocessors that have infiltrated virtually every aspect of our lives. A new book,"Trillions", argues that we have to design an entire living environment where those devices communicate with each other and with us.
Plenty of people are happy for their leaders and bosses to make choices for them, as long as they probably would have made similar choices themselves. Yet when leaders and bosses don't truly represent the interests of their constituents and employees, nudging can be toxic.
The challenge for democracies is to become just as farsighted as the state capitalist systems that have drawn the world's envy. But while we try to bring about this small revolution in our thinking, the state capitalists may be dealing with a much bigger revolution of their own.
Sometimes it's better to do something - anything - rather than nothing at all. That's the lesson of the old parable of Buridan's ass, where the poor animal is faced with two haystacks and, unable to decide which is bigger, dies of hunger. . .
An interesting thing happened yesterday in American politics. Mitt Romney, a former governor of Massachusetts, beat Rick Santorum, a former senator from Pennsylvania, by just eight votes in the Iowa […]
Markets shuddered when George Papandreou, Greece’s prime minister, said he would call a referendum on the latest bailout package being offered by Europe’s economic powers. What scared the markets most […]
While countries in North America and Europe suffer through a downturn that has people questioning the very foundations of their economies, something far more positive is happening in South America. […]