Author: EconLearner

Here are findings and insights from the Kellogg faculty about credit and debit cards, inflation, checking accounts, and 401(k)s that show the surprising ways in which personal financial decisions emerge.1. The real cost of credit card rewardsYou’ve probably seen ads for credit cards that offer all kinds of tempting goodies: cash rewards on purchases, access to fancy airport hotel lounges, points for hotel stays, and more. If you’re lucky enough to have one of these cards in your wallet, 1.5 percent cash back probably sounds like pennies from heaven.But where does this “free” money really come from, and why are…

SAN JOSE, CA – MARCH 18: Nvidia CEO Jensen Huang delivers a keynote speech during the Nvidia GTC artificial intelligence conference at the SAP Center on March 18, 2024 in San Jose, California. The developer conference is expected to showcase new chips, software and AI processor technology. (Photo by Justin Sullivan/Getty Images)Getty ImagesIf only members of the US political class spent more time in China. If so, the American and Chinese people could perhaps be spared many foolish policies. Everywhere you look, there’s an Apple Store, a Nike Store, McDonald’s, KFC, Starbucks, and seemingly every other American brand. To produce…

In this roundup, we dive into research and insights from the Kellogg faculty about the past, present, and future of artificial intelligence and its implications for scientists, advertisers, and the workforce.1. An overnight success that took decadesWhile the ubiquity of artificial intelligence may seem like it happened suddenly and very recently, its foundations were laid in the last century by mathematicians and engineers.”We’ve accomplished a lot, we’ve come a long way in artificial intelligence,” said economics professor Kellogg Sergio Rebelo noted in a recent webinar on the past and future of artificial intelligence. “But this progress only happened after many…

But when Kellogg’s Aaron Yoon and his colleagues examined data on thousands of emissions reduction initiatives at large companies, found that the majority were quick payback (ie, short payback) projects. Most of the projects concerned the improvement of energy efficiency in buildings. That’s not exactly transformative.If you imagine ambitious emissions-reduction projects, “you’d think of blue hydrogen or wind farms,” ​​says Yoon, an associate professor of accounting and information management. “You wouldn’t think about LEDs and changing light bulbs.”The median investment per project was $127,000, they found, far below the roughly $10 million to $20 million that Yoon expected a project…

THE Whole Milk for Healthy Kids Actsigned into law in January, restored the eligibility of whole milk for the National School Lunch Program that feeds tens of millions of American girls. New dietary guidelines released by the US Department of Agriculture and the US Department of Health and Human Services recommend three servings of dairy per day, with an emphasis on full-fat products.The updated policies are a huge win for America’s dairy industry, funneling more federal dollars to the farms — and big companies — that produce milk, cheese and other traditional food products. But these dairy subsidies come at…

This partisan disparity has raised concerns about the future of scientific research. But it’s unclear whether this difference in trust is reflected in differences between how Democrats and Republicans fund science.After analyzing 40 years of data on federal funding for scientific research under Republican or Democratic leadership, a team led by Furnas and Dashun WangKellogg Chair in Technology and professor of Management and Organizations, found results that contradict common assumptions. Under Republican presidencies, or when the party controlled the House of Representatives, the government provided more funding for science and research.”The narrative that Republicans are or have long been anti-scientists…

Dan Mackta and Kenn Richards pose at the Qobuz installation during the GRAMMY Wing Producers & Engineers Week Celebration at The Preserve LA on January 28, 2026 in Los Angeles, California.Getty Images for The Recording AcademyThe independent music streaming and download platform Qobuz reported revenue growth of 45.7% in 2025. This rate significantly outpaces the global paid streaming market, which grew by 8.8% over the same period. The company’s continued expansion is a result of strong international performance, with 80% of revenue now generated outside its home territory of France. The US is the biggest market for Qobuz and the…

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Click here to order a copy of it The NexusAugmented Thinking for a Complex World, The New Convergence of Art, Technology and Science Read more The art of paper folding dates back centuries. Through the design of elegant three-dimensional shapes, origami artists have developed ways to create objects that are light but incredibly strong and complex.But it wasn’t until the twenty-first century that engineers began to notice. Faced with designing solar arrays and telescopes that can fit inside rockets and then deploy themselves in space, NASA scientists turned to methods inspired by origami.That it took so long for these two…

NEW YORK, NEW YORK – FEBRUARY 14: New York Attorney General Letitia James speaks during a Department of Government Efficiency (DOGE) press conference in Manhattan Federal Court on February 14, 2025 in New York City. James was joined by Connecticut Attorney General William Tong for a press conference ahead of a scheduled hearing as they discussed their ongoing lawsuit with 17 other state attorneys general to block Elon Musk’s DOGE from accessing personal data held at the Treasury Department. (Photo by Michael M. Santiago/Getty Images)Getty ImagesWhy is Elon Musk so rich? Clown question, right? He started amazing companies. It all…