Do People Make Good Choices Between Income and Leisure?

“What are the applied implications of our findings? In the work area we suggest that a balance between hours of work, social time and leisure will produce the highest well-being, whereas even work that is enjoyable will produce less well-being if carried out for too many hours. Conversely, it would be an error to . . . → Read More: Do People Make Good Choices Between Income and Leisure?

Home Prices Up in a Dozen Cities

Repeatedly we said that the strength of this recovery will be measured in part by how well the housing industry fares.

Recently we’ve seen:

1. Homeowners with more manageable monthly payments 2. Housing starts bounce up 3. The number of foreclosures begin to fall 4. Jumbo mortgage activity increasing 5. Pending home sales jump . . . → Read More: Home Prices Up in a Dozen Cities

Gold And Silver Coin Shortages Again

What is price?  Sure it is the ‘amount of money expected, required, or given in payment for something.’  But even that definition is too broad as it begs the question of expected or required by whom?  Value, utility and price are all subject to individual human action and therefore the price of something is . . . → Read More: Gold And Silver Coin Shortages Again