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A visit to Iceland and CCP Games, the company behind the sci-fi video game Eve Online. The game has grown to 500,000 users and $65 million in revenue: “Economists have written dozens of papers celebrating the sophistication of Eve’s economy and the amazing level of industry among the players, who basically create everything within the […]

Why are violent crime rates still dropping, even during the recession? The latest evidence suggests lead—in the air, in our gasoline, in our paint—was responsible for the rise in crime in the 1960s & ’70s, and the drop in the 1990s: “And with that we have our molecule: tetraethyl lead, the gasoline additive invented by […]

Cities are slashing school budgets to pay for professional sports stadiums, and the NFL is still a nonprofit. An argument for cutting off all public funding for professional sports across the U.S., which could save taxpayers billions: “Consider stadium subsidies. When Kubla Khan built his stately pleasure dome above a sunless sea, he did not […]

Eradicating urban poverty was a priority for Obama when he was running for president in 2008, but it has not become a focus for the president during his first term. A look at what still needs to be addressed, and the neighborhood of Roseland, where Obama got his political start: “The reason for this shift […]

The Occupy movement is trying to figure out its future, and keep the momentum going: “But Ross, too, soon found himself enchanted by the possibility of the movement. A trained economist, he decided to start an Alternative Banking working group, with the ambitious plan of setting up an Occupy Bank – built on a cooperative, […]

Resuscitating a battered newsweekly in 2011 is a tough bit of business. Last year, The Daily Beast and Newsweek lost a combined $30 million. Ad page numbers tell how difficult it is, too: Newsweek’s ad page performance between April to September was down 18 percent, according to the Publishers Information Bureau quarterly report. This is […]

When it comes to economic growth and the creation of jobs, the denser the city the better. How great are the benefits of density? Economists studying cities routinely find that after controlling for other variables, workers in denser places earn higher wages and are more productive. Some studies suggest that doubling density raises productivity by […]

Though Ali Abdullah Saleh has proved deft at maintaining power, he has accomplished little else. Forty per cent of Yemeni adults are illiterate, and more than half the country’s children are malnourished. In addition to the bribes—one of Yemen’s largest expenditures—there is corruption. The government in Sanaa makes even the Karzai regime, in Afghanistan, seem […]

Japan’s reactors are “light water” reactors, whose safety depends on an uninterrupted power supply to circulate water quickly around the hot core. A light water system is not the only way to design a nuclear reactor. But because of the way the commercial nuclear power industry developed in its early years, it’s virtually the only […]

Transport economist Chris Bradshaw wants planners and designers to respect what he calls “the scalar hierarchy.” This is when trips taken most frequently are short enough to be made by walking (even if pulling a small cart), while the next more frequent trips require a bike or street car and so on. “If one adheres […]