From Mass Production to Mass Individualism
In today's economy, we have no choice but to become a more entrepreneurial society, writes Guest Columnist Irving Wladawsky-Berger. Airbnb and collaborative economies of that ilk “may well be the invisible hand’s answer to this critical job challenge.” Moving forward, as social reputation systems spawn new trust relationships, today’s peer-to-peer stopgap may prove to be “one of the most important innovations in our 21st century digital economy.”
The Morning Risk Report: Facebook Research And Big-Data Risk
Considering the long history of psychological experiments that permanently harmed unwitting people or animals, the reaction to Facebook's comparatively innocuous study seems exaggerated
Warning: Inflation Is Running Above 2%
In The Wall Street Journal, Martin Feldstein writes that unemployment may not restrain wage inflation. If so, the economy may be on the way toward a general inflation that the Federal Reserve will be hard put to contain.