Within the discretionary spending slice of the government spending pie, research and development at the NSF is a tiny part of the federal budget.
Why Didn’t I Think of That?
A person whose goal is growth and innovation, the founder of Parcel is an example of Joseph Schumpeter’s high impact entrepreneur and creative destruction.
The Problems We Have With Being On Time
Decisions that relate to standardizing clock time and solar time, and global time zones create commercial negative and positive externalities.
Why Shake Shack is About More Than a Burger
Displaying the characteristics of monopolistic competition, Shake Shack is showing how the U.S. burger market is adjusting to a changing consumer.
Weekly Roundup: From Baseball Contracts to Super Bowl Ads
Our week’s everyday economics include inflation, supply and demand, income mobility, property rights, incentives, default, CDS, and monopoly pricing.
The Reason NBC Can Charge $4.5 Million for a Super Bowl Ad
Because of monopoly pricing power, as a price maker with sole Super Bowl broadcast rights, NBC can charge $4.5 million for a 30 second ad slot.
What Greek Markets are Saying to Us
Reflecting collective intelligence, markets in Greek CDSs and Greek bonds, and the dwindling deposits of Greek banks show if we’ll have a Greek default.
How To Keep Your Parking Spot After a Snow Storm
Winter dibs is about whether you have temporary parking space property rights by shoveling your car out of the snow and if your self interest helps society.
The Reason It Can Be Tough to Cross the Street
Called the American Dream, the income mobility that lifts a child beyond a parent’s poverty can depend on a community’s characteristics.
Two Words That Tell Us All We Need To Know About Oil
To grasp world oil markets, we can look at supply and demand for WTI in the U.S. and Brent for the world as price and quality benchmarks.
