In the U.S. the Federal Reserve tried to introduce metal dollar coins into the money supply but currency demand indicates that people prefer paper.
What New Coke Could Teach Baseball
Baseball managers say that winning requires time consuming competitive strategies that conflict with the sport’s need to shorten game time and attract fans.
Weekly Roundup: From Thirsty Almonds to Potent Alcohol
Our everyday economics includes human capital, incentives, behavioral economics, cost and benefit, exports, tradeoffs, inequality, risk,markets, and income.
Does the Ivy League Diploma Matter?
With the human capital in elite jobs dominated by Ivy League or other prestigious schools graduates, we can ask if it’s those diplomas that really matter.
How the World’s Most-Consumed Liquor Changed the Corn Market
Because of supply and demand in the U.S. and the world, U.S. farmers are planting less corn and more soybeans and sorghum.
Pop Music’s Risk Takers
The popular music industry is a risk based culture in which addictive substances touring, irregular hours and stress create high mortality rates.
What We Should Ask About the Wealth Gap
Because economists disagree on how to measure wealth, they convey different conclusions about the history of wealth inequality and distribution..
The Unexpected Cost of An Almond
Allocating water to California almond growers that could be used elsewhere in the state represents tradeoffs and considerable cost during the drought.
Why It’s Tough to Evaluate Job Performance
If a performance metric is known, the people being evaluated have an incentive to shift their behavior so that their scores improve but not the job they do.
Weekly Roundup: From Fake Stats to Slippery Glue
Our Posts Roundup Sunday 3.22.15 The bundles that make life pleasant…more Monday 3.23.15 Where American cars are made…more Tuesday 3.24.15 What March Madness really represents…more Wednesday 3.25.15 Why Sunday shopping matters…more Thursday 3.26.15 Making ketchup that glides…more Friday 3.27.15 How…
