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“How many miles can I drive on a gallon of gasoline?” “How many gallons of gasoline do I need to travel 10,000 miles?” Is there anything fundamentally different in these two questions? Consider the following examples: Let’s say you drive 10,000 miles in a year on an average. If you have a car that . . . → Read More: Thinking In GPM Can Overcome MPG Illusion In my post Irrational Economics, I quoted some surprising observations from an article in The Atlantic titled “Dismal scientists: how the crash is reshaping economics.” I wrote: “What the article says is that a lot of the economics theories that are being used today haven’t advanced at all in the past 80 years or . . . → Read More: Did Research Fundings Influence Economic Policies? A video is worth a thousand words. Here is what I just found — a great visualization that shows what led to the financial fiasco: |
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