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Busting myths about the Dust Bowl

The Dust Bowl of the 1930s hit the Great Plains of the United States with drought, dust, and desolation, and was ingrained in the American consciousness through John Steinbeck’s The Grapes of Wrath, Woody Guthrie’s blues songs, and the iconic photographs of migrants by Dorothea Lange.

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    By analyzing variations in local and regional economies, researchers are increasingly uncovering insights obscured by the big picture.

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    Eugene F. Fama and Richard H. Thaler discuss whether markets are prone to bubbles.

  • Consumer protection takes more than transparency

    The principles of transparency and disclosure are visible everywhere from fast-food menus to financial regulation. But if lawmakers don’t consider the behavior of both markets and consumers, better information may not translate to smarter shoppers.