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Lionel Messi is arguably the greatest soccer scorer of all time. But when it comes to penalty kicks, Messi is merely average. Why? Maybe the answer involves game theory.According to game theory, there’s an optimal strategy for taking penalty kicks. This strategy involves an idea ...  Show more

Will limiting how much students can borrow force schools to lower their prices? The Department of Education thinks so. It has a new plan to bring down tuition costs. Starting today, July 1st, it’s going to cap how much it’s willing to loan to graduate students. You read that righ ...  Show more

Government. The Big G. We like to imagine the free market and the invisible hand as being independent from political influence. But Nobel laureate, Simon Johnson, says that influence has been there since the birth of economics. Call it political economy. Call it government and bu ...  Show more

LIVE SHOW: August 18th in Brooklyn. Tickets here. Traditional economics says the market is guided by the forces of supply and demand. Customers decide what they want to buy, and private enterprise responds to that need. So what makes government think that it's smarter than capita ...  Show more

People are spending loads of cash on events. In addition, lots of folks are even making trips out of specific events like the Olympics or Taylor Swift concerts. This sports and music tourism industry is gaining momentum among Millennials and Gen Z, so much that it’s heading for p ...  Show more

Where’d it come from and how are its prices so damn low? Plus: venture capital’s sluggish fourth quarter, Starbucks’ cool tech, Facebook’s new revenue stream, and more. Join our host Jacob Cohen as he takes you through our most interesting stories of the day. Follow us on social ...  Show more