Sophia Smiscik

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Welfare: A Better Deal than Work

America’s public-assistance system pays many people better than the jobs they’d otherwise have.<p>Suppose someone offered you the same amount of money …

Income Inequality

The 10 Best Technology Advances of 2013

We’ve already counted down the biggest and best tech stories of 2013, but behind the stories are the awe-inspiring advances that drive both science …

Adam Smith: The Concise Encyclopedia of Economics | Library of Economics and Liberty

With <i>The Wealth of Nations</i> Adam Smith installed himself as the leading expositor of economic thought. Currents of Adam Smith run through the works …

How to Make Money by Helping Others

Learn the best way on How to Make Money by Helping Others, and build a successful online business. Here, I will show you the step-by-step process …

Starbucks Prices Are Going Up Once Again Starting Today

The most unavoidable cup of coffee in the United States just got more expensive.<p><i>The Associated Press</i> reported on Monday that Starbucks will be …

Why We Help: The Evolution of Cooperation

Last april, as reactors at japan's fukushima daiichi nuclear power plant were melting down following a lethal earthquake and tsunami, a maintenance …

Why raising the minimum wage could actually make more employees quit

Wal-Mart's $9 minimum wage has been in place for a little while now, and not everybody is happy about it. Employees who have been there for years are complaining it's unfair that they now make not much more than someone who's just been hired off the street, reports Bloomberg News. While some …

Employment

Decision-Making on the Margin

Economists use some terminology that seems unfamiliar and often scares people away from wanting to learn more. I’ve experienced this most in the …

There may be no such thing as a free lunch—not even at Google or Facebook

Silicon Valley might be famous for its free cafeterias, but behind all those fancy food spreads is a burgeoning corporate tax question: Are the Googles and Facebooks of the country using those perks to capitalize on undue tax breaks?<p>The Internal Revenue Service, for its part, is certainly asking …

Max Scherzer's $210M deal finalized

WASHINGTON -- Forgive Washington Nationals owner Mark Lerner if he got swept up in the scene.<p>Speaking after a news conference Wednesday to announce …

Baseball