Two University of Chicago professors, Cass Sunstein and Richard Thaler recently released a wildly-influential book about the power of âNudgeâ. The concept of Nudge is that giving people the right information in the right way will encourage people to make better decisions (something they call decision architecture).
A populist uprising has taken hold in the US over AIGâs payout of $218 million in bonuses despite losing more money in the last quarter than any other company in history and being supported by an insane $170 billion in government bailout money.
Listening to the news lately, it seems that the bulk of questions for federal reserve chairmen, finance directors, economists, and politicians have shifted from questions like "how bad is it?" to "is it over yet?"
The good news is that 14% of Scots are 'deep green' according to the Scottish Government's latest research. They believe climate change is an immediate and urgent problem and say they know a great deal or a fair amount about it.
It seems right and natural to think that if anyone can and should take action on climate change and act sustainably, it is the government. Unlike traditional companies, the government is free from the short-term demands of the market. And more importantly, itâs eventually the government that pays for the damage it causes.