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}A daily digest of opinions and analysisAn Economics Heathen Wins the Economics NobelIt turns out Homo economicus isn't such a rational actor after all — he's actually kind of a mess. Economists, as prone to foolishness as anyone, have long resisted this insight. But now that the behavioral economist Richard Thaler has won a Nobel Prize for his work in this area, the BV editorial board says, the entire field has an opportunity to shed some old dogmas. Among the host of BV writers honoring Thaler is his collaborator and co-author Cass Sunstein, who remembers thrill of first encountering his ideas, and Justin Fox, who analyzes Thaler's methodical, savvy approach to changing a hidebound discipline from within. (Meanwhile, Tyler Cowen explains why some conservatives dislike his concept of the "nudge" — and why they should get over it.)Trump to Executive Branch: Don't Worry About Puerto RicoIn grimmer news, nearly three weeks after Hurricane Maria struck Puerto Rico, 85 percent of the island is still without power and 40 percent lacks water. So yesterday was maybe not the best time for the president to go golfing. By minimizing the destruction in this and other ways, Jonathan Bernstein says, he's not just being insensitive — he's hurting the relief effort.It's Singapore Versus Denmark for the Growth CrownA new division seems to have replaced the old Cold War dichotomy of capitalism and communism: Now, the major global split is between authoritarian state-capitalist countries and democratic socialist ones. And as they compete economically, Noah Smith notes, there's no guarantee that democracy will win.The Fraternity Paradox: Lower GPAs, Higher IncomesParty more, study less and still do better than other male graduates in the workforce. What's the secret? Naomi Schaefer Riley investigates.Ritholtz's ReadsThe top-performing sustainable funds (Barron’s)Anatomy of a stock-market crash (Wall Street Journal)Good advice vs. effective advice (A Wealth of Common Sense)(Read Barry Ritholtz's full daily news roundup here.) Bloomberg GadflySoftBank's long goodbyeLVMH lives up to its luxury price tagReal Madrid tycoon may be thwarted by Barcelona politics(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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