Our everyday economics includes central planning, unintended consequences, comparative advantage, transportation infrastructure, cost & developing nations.
How a Performance Metric Can Lead to a Giant Nail
In government, business and at home, the performance metrics we create always are accompanied by incentives that create unintended consequences.
What Ants Tell Us About the Wisdom of Crowds
Shown by ant groups successfully taking a Cheerio to a nest, sometimes the wisdom of crowds depends on the brains of an individual leader.
The Deal That a Chinese Firm Could Not Refuse
Displaying a shift in comparative advantage, some Chinese textile manufacturers are locating their factories the the U.S. rather than China.
Some Humor and Insight About Highway Congestion
Using road design as an example, we can show how innovation in our transportation infrastructure can improve productivity.
The Reason We Should Drive Around in Circles
As we improve our transportation infrastructure, the roundabout has become increasingly attractive because of safety, ease and cost.
The World’s Sanitation Gap
A production possibilities graph can display the land, labor and capital underutilization that inadequate sanitation creates and indicate a constrained GDP.
Weekly Roundup: From Robot Servers to Shrimp Farmers
Our everyday economics includes wages, externalities, productivity, income, tradeoff, taxes, fiscal policy, gender, human capital and comparative advantage.
The Reason for Endless Shrimp
Aquaculture created the comparative advantage that led to shrimp mass production and global trade that diminished the domestic shrimp industry.
Why Major League Baseball Has a C+ Gender Grade
Because the presence of women in Major League Baseball (MLB) management positions is very small, they have diminished their talented human capital supply.
