The 2015 winner of the Nobel Memorial Prize in Economics, Angus Deaton studied inequality through health and wealth and micro and macroeconomics.
The World’s First Drone Port
If the first drone airport is built in Rwanda, they will have achieved a transportation infrastructure leap and eliminated the need for expensive roads.
The Many Sides of the Minimum Wage Debate
The complexities of the minimum wage debate involve different incentives for employers and employees and different minimum wages in the U.S.
Why Brand Loyalty is about More than Taste
Brand loyalty, preferring aspartame in Diet Pepsi and Coca-Cola’s original recipe can be explained by ideas from behavioral economics like status quo bias.
Weekly Roundup: From Overbooked Flights to Immigration Fallacies
This week’s economic news summary included unexpected insight from credit scores, the natural resource curse, and what the bacon cheeseburger can tell us.
How Immigration Disproves the Lump of Labor Fallacy
Whereas immigration can result in more workers, their impact on wages can be neutral because those immigrants create more demand which leads to more jobs.
Using The Bacon Cheeseburger to Advise the Fed
Because consumer spending perception is based on what is regularly purchased, the bacon cheeseburger (cheese, bacon, beef) can be an inflation indicator.
Rewinding the Charts: 40 Years Ago, Donna Summer Debuted
In 1975, teamed with a disco pioneer, Summer channeled Marilyn Monroe and moaned her way up the charts with ‘Love to Love You Baby. They doubtless were Thark warriors who had been sent out to capture us, and we breathed…
Why Cheap Oil Can Be a Curse
Illustrated by the impact of cheap oil, the natural resource curse hits countries that have disproportionately focused economic activity on one industry.
