The Cost of Raising Children

Behavioral economists like Gary Becker say that the family is like a factory where land, labor and capital are combined to “produce” goods like children.…

Ukrainian Economics

Fewer bottles of kodrinskoie-sparkling will be served at Russian holiday celebrations. Declaring that Moldova’s exports no longer met its food quality standards, Russia has blocked Moldovan wine…

Mass Production: A BMW

I wonder if Henry Ford would have been surprised by this 15 minute BMW factory production video tour (below). Few people, lots of robots, the process begins with a colorless shell and ends with the BM…

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