The Wharton School lost two of its most talented and respected faculty members this year, individuals whose accomplishments shaped the future of their respective disciplines.
The growing debt crisis in public sector pensions — governments face a $757 billion shortfall in funding their retirement promises, according to one estimate — is coming at a time when unprecedented numbers of baby boomers are reaching retirement age. Read more.
The bulk of Porter’s book is dedicated to more existential matters — faith, “free,” happiness, the future culture — areas that, despite the ideals of purists, are no less subject to market forces than the device on which you read this review. Every examination isn’t equally enlightening, but Porter is at his best when the subject is at its farthest from the traditional realm of economics. Read more.