Beer Economics

In China, 1/2 liter of beer costs 9 minutes of work. To calculate how many minutes of work it takes to buy beer in 150 countries, Swiss bank UBS researchers divided the median wage in that country by …

Chicken Economics

Ten chicks. If I were teaching in Uzbekistan instead of Summit, NJ, I might have received 10 Serbian chicks as a part of my salary. According to Radio Free Europe, the Uzbek government partially paid …

Putin's Economics

Our story begins during February when Russian Prime Minister Putin decided to freeze gasoline prices. Oil companies had a predictable response. They left. Following the money, they redirected their su…

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