Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.

A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.

It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.

What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy.

Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.

Investment in girls' education may well be the highest-return investment available in the developing world.

In the history of the world, no one has ever washed a rented car.