When you sing happy birthday to Alexander Hamilton today, please just think of this upward sloping (logarithmic) economic growth line: Today, 257–or maybe 259–years ago (no one is positive) on the Caribbean island of Nevis, Alexander Hamilton was born. Only…
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Yesterday, the moving assembly line celebrated its 100th birthday. Before October 7, 1913, in one place, a car was built by teams of workers. The chassis took 12 hours to finish while magneto production required 15 minutes and 29 workers.…
When deciding whether the Happy Birthday song has a copyright, we are really debating how broad or narrow intellectual property rights should be.
Narrowing intellectual property rights, a court recently decided that the “Happy Birthday” song could enter the public domain because no one owned it.
Celebrating its 125th birthday, we can use the Dow Jones Industrial Average to see how the U.S. economy has changed
This week’s everyday economics includes property rights, trade, creative destruction, entitlements, tradeoffs, conservation, externalities, price, and markets.
Knowing that it needs to eliminate its driver shortage, Uber is trying to increase supply by offering higher wages.