If we have a sand shortage, Olympic beach volleyball, new homes and roads, fracking, water filtration, and so much more will be affected.
How Your Parking Lot and Your Medical Care Could Be Similar
Our healthcare costs and parking lot spending are influenced by similar incentives that involve paying per visit or with a lump sum for unlimited use.
A Surprising Way to Ration Education
Because of increasing demand, Shanghai’s private schools have revised their admission requirements. In addition to the typical student tests and interviews, now parents and grandparents have to meet certain academic standards. At two schools, if your kid applied, YOU would have to take an…
Why Marriage Extends the Gender Pay Gap
We can see that the gender pay gap is about so much more than the firm when we look at marriage, children, home responsibilities, and education.
Why Shoot-out Kicks and Bread Machines Can Be Similar
In the 2008 European Championship quarter finals, the Italian team let Spain go first for the end-of-game shoot-out. That was a big mistake. Where are we going? To the influence of a reference point. Penalty Shoot-Outs When a soccer game has no winner, a penalty…
Weekly Economic News Roundup: From Baby Names to Mothers’ Gifts
Combining economics, current events and history, our weekly economic news roundup includes dress size history, alcohol consumption and stock market insight.
The Economic Significance of Alcohol Consumption
While it is relatively easy to measure how much alcohol consumption varies among countries, identifying a direct economic impact is much tougher.
Why We Need Stock Markets
Whether looking under a buttonwood tree on Wall Street 225 years ago or at a contemporary African nation, we can see why we need new stock markets.
How to Really Grasp the GDP
We can better grasp what we mean by the GDP by looking at the numbers and also by comparing its components to an alternative.
The Rise and Fall of Standardized Dress Sizes in the U.S.
Whereas we know the size of an inch and a mile, standardized dress sizes were developed and then abandoned in the United States.
