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<p>In this book cover provided by Princeton University Press, "Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being," by George A. Akerloff and Rachel E. Kranton, is shown.(AP Photo/Princeton University Press)</p>

<p>In this book cover provided by Princeton University Press, "Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being," by George A. Akerloff and Rachel E. Kranton, is shown.(AP Photo/Princeton University Press)</p>

March 28, 2010

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Budgeting fixes, economic IDs in print
March 28, 2010 9 p.m.

Budgeting fixes, economic IDs in print

One lesson from the Great Recession is that simplicity is a good thing. That's true both in managing our personal budgets and keeping the financial system afloat. Too many people and banks got stuck with complex financial obligations that they didn't manage properly, or in some cases simply didn't understand.