It is an earnest body but you begin to wonder if the Swedish Academy of Sciences, which selects the Nobel prize-winners, has a sense of irony.

WASHINGTON, July 12 (UPI) -- According to economist David Ricardo, if the public sector deficit increases sharply, private saving can be expected to increase commensurately, thus ensuring t

"Every forecast is wrong," one particularly keen numerical economist told me once, with a blissful air, when I questioned his numbers.

Today is Saturday, June 5, the 157th day of 2004 with 209 to follow.

WASHINGTON, March 8 (UPI) -- Every month, bullish Wall Street pundits predict that the monthly employment report will show gains of 150,000 jobs or more, the number needed to begin absorbing the 2.2 million jobs lost since President George W. Bush took office. Every month the econom

WASHINGTON, Jan. 26 (UPI) -- Screaming "Fire! Fire!..." when smoke is detected in a crowded room may be the prudent thing to do, but what about an author who stridently writes "Fraud! Fraud

WASHINGTON, Dec. 8 (UPI) -- Monday I looked at president Herbert Hoover's mistakes leading into the Great Depression, and asked whether they could be perpetrated again; today I look at the New Deal itself, and at which of its economic follies are liable to recur.

WASHINGTON, Dec. 8 (UPI) -- "FDR's folly" (Jim Powell, Crown Forum, $27.50) demonstrates, by use of economic rather than political analysis, that the majority of New Deal policies (and of president Herbert Hoover's economic policies) were counterproductive, and prolonged the Great D

WASHINGTON, Oct. 6 (UPI) -- The Cold War, against people trying to create an infinitely powerful, infinitely unresponsive world government, was supposed to have ended in 1991. Except that those people never really went away.