Statistical Mechanics of Money, Income, and Wealth. In a closed economic system, money is conserved. Thus, by analogy with energy, the equilibrium probability distribution of money must follow the exponential Gibbs law characterized by an effective temperature equal to the more...
Yahoo Finance Google finance etc all their postings in the forums are nothing more than short twitter messages. I don’t see why twitter doesn’t enter this space and own it. The CPM’s are among the highest paying on the internet more...
This is the closest we’ve ever come to a NSFW acquisition by a public company. Dick's Sporting Goods is picking up Chick's Sporting Goods, which is privately held. Dick's will pay $40 million in cash and assume around $31 million more...
“With the dour state of the economy, would you be at all interested in investing ten-grand in a portfolio that returned 45% last year? If it was the Google Finance portfolio described in a previous blog, it wouldn’t be doing more...
Krugman was on book tour, but he spoke about the current economic issues instead. Paul Krugman is a professor of economics and international affairs at Princeton University, and the author or editor of 20 books and more than 200 professional more...
“Wealth distribution in the western world follows a curious pattern. For 95 per cent of the population, it follows a Boltzmann Gibbs distribution, in other words a straight line on a log-linear scale. For the top 5 per cent, however, more...

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