The expanding political and fiscal union in Europe, motivated by a desire not to repeat the mistakes leading to the two world wars, rests on centuries of interrelated but distinct national beliefs, values, desires, and morals—factors that lie at the foundation of economic practices.
To Understand the Eurozone Crisis, Consider Culture
When TV producers are looking for footage to illustrate financial news, the easiest choice is often the trading floor of an exchange, with traders gesticulating and shouting.
How HFT Is Changing What We Know about the Market
Even within the online world, distance matters—consumers prefer to order products from closer locations rather than faraway ones.
Forget Indiana Jones: Online Shopping Is Not the Holy Grail
Confiding in friends that you will soon be flying Spirit Airlines tends to elicit the same response as if you had just confessed to putting your parents in a home.
Why Spirit Airlines Is So Terrible
High-tech start-ups, unconventional management, and a party atmosphere: it sounds like a scene from a modern business incubator, but it also describes Japan’s cotton-spinning industry in the late 19th century.
Unraveling the Lessons of Japan’s First Tech Boom
During his term as chairman of the Federal Reserve, Alan Greenspan suggested in 2004 that Americans who had stuck with fixed-rate mortgages were overpaying for their homes.
ARMs: The Unexpected Benefits
Good news: Americans are putting more money in the bank. But diligent savings behavior may have gone too far.
When It Makes Sense to Raid Your Savings Account
Researchers have devised a method that could help some traders, including those managing large portfolios or those working in statistical arbitrage groups who are seeking to capitalize on pricing inefficiencies between securities.
Want an Efficient Portfolio? Try This Model
Some researchers have concluded that higher-income homebuyers were moving into poor neighborhoods and driving the mortgage-credit explosion of the mid-2000s.
How Fraud Fueled the Housing Boom—and Increased PovertyYour Privacy
We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit our website.