The Myth of Japan’s Collapse
As anyone who has picked up a non-fiction book in the past five years knows, we have entered the “You May Be Surprised to Learn…” era.
Data analytic breakthroughs as well as fresh thinking in the realms of behavioral economics, neuroeconomics and other so-called decision-making sciences have taught us, for example, that most drug dealers make less than minimum wage, bonuses are relatively weak incentives and man is definitely not a purely rational economic actor. On Sunday, I also learned how Japan’s economic failure may be a myth. more





