Suddenly, unthinkably, the World's Richest University finds itself forced to reconsider what it can afford to be. (Losing $11 billion will do that.) But if its president has a master plan for leading the school out of its financial crisis—other than letting Larry Summers take the blame—she's keeping it to herself.

Google is an economy unto itself. The ad auction, marinated in that special sauce, is a seething laboratory of fiduciary forensics, with customers ranging from giant multinationals to dorm-room entrepreneurs, all billed by the world's largest micropayment system.

Outrage about the absence this year of a cost-of-living adjustment for Social Security recipients is based on ignorance of the system.

Over the last five years, Mumbai has been blessed with two significant depictions. In 2004, Suketu Mehta wrote “Maximum City,” which was a finalist for the Pulitzer Prize and is one of the best books about a great city in recent years. In 2008, “Slumdog Millionaire,” a romantic tale of urban poverty and quiz show success, sold millions of tickets and won a bucketful of Oscars. Both capture the energy and... More

Financial crises will happen. For reasons to do with human psychology and the failure of most educational institutions to teach financial history, we are always more amazed when such things happen than we should be. As a result, 9 times out of 10 we overreact.

By many objective measures the lives of women in the United States have improved over the past 35 years, yet measures of subjective well-being indicate that women's happiness has declined both absolutely and relative to men. Relative declines in female happiness have eroded a gender gap in happiness in which women in the 1970s typically reported higher subjective well-being than did men.

This week Congress is set to release the details of the Waxman-Markey American Clean Energy and Security Act, a bill that purports to combat global warming by setting strict limits on carbon emissions. I'm not a candidate for any office -- now or ever again -- and I've approached the "climate change" debate with an open-mind. But it's clear to me that the nation, and in particular Indiana, my home state, will be terribly... More

If there was anybody who should have avoided the mortgage catastrophe, it was I. As an economics reporter for The New York Times, I have been the paper’s chief eyes and ears on the Federal Reserve for the past six years.

Can entrepreneurs solve our problems? Charter school founder Michael Strong, John Mackey, C.E.O. of Whole Foods, suggest how.

Nearly a century of Washington’s efforts to promote homeownership has produced one calamity after another. Time to stop.

The latest research suggests traditional charter schools in Harlem are highly successful in educating poor children.

Amid the blizzard of economic data that the government puts out every week, last Tuesday’s report analyzing G.D.P. industry by industry got little notice. But it contained one very interesting piece of data: in 2008, for the first time in sixteen years, the finance and insurance industry shrank. Since 1980, this sector’s share of the economy has grown by almost half.

A small but growing cadre of scientists are arguing that our current crisis was in fact predictable and that the technology exists to make sure that it won’t happen again. The problem may be that we’ve used only economists to try to solve our economic predicaments. Instead, the solution may be found by physicists and other scientists accustomed to studying complex systems.

Between 1980 and 2005, as the world embraced free market policies, living standards rose sharply, while life expectancy, educational attainment, and democracy improved and absolute poverty declined. Is this a coincidence?

The more Obama raises U.S. government spending, the better Canada looks to private investors

Does growing global trade in service sectors increase pollution?