Particularly memorable was a long session on the basics of economics about 10 years ago, in his office at MIT, which helped concretize my own understanding of the economic fundamentals.

To start budgeting, track all income and expenses for at least 30 days—or, better yet, each month for an entire year. List ...

Finance & economics December 14th 2002 →Too late to matter →Basel backlash →In a hole, digging deeper ...

This installment picks up where the last left off, explaining the most basic ideas of economics — scarcity, trade-offs and opportunity cost — as only Paul Samuelson could.