Because the college textbook market is a monopoly for each book in which the instructor selects the books and students buy it, prices have skyrocketed.
A Mystery: Trying to Find the Middle Class
While everyone refers to the middle class and most of us say we are in the middle class, few know the characteristics of the group to which they refer.
The Mystery of the Missing Goats
We have fewer price and quantity signals because agricultural production figures on certain crops and livestock were eliminated because of USDA budget cuts.
The Mystery of the Missing Marijuana Money
Federal Reserve monetary policy is not taking account of money from marijuana retailers because banks in Colorado have refused to give them accounts.
The Mystery of Why Grads From 4 Year Colleges Earn More
It is a mystery whether college matters because it creates better human capital or creates signals that indicate graduates completed a long-term task.
The Mystery of the Disappearing Workers
Partially reflecting more women in the labor force, the participation rate rose from the 1970s until recently but now the mystery is why it is falling.
Weekly Roundup: From Drinking Behavior to Dating Decisions
This week’s everyday economics involved 6 economists and such ideas as product differentiation, behavioral economics, marginal utility, price and trade.
How Men Act When They Outnumber Women
How gender ratios in the U.S. and China affect men’s financial behavior can be explained with supply and demand and behavioral economics from Gary Becker.
Understanding a New Tax Issue
With the House requiring dynamic scoring of tax legislation from the CBO, the bigger tax debate resurfaces on how much redistribution and spending.
How the EU is Like a Dysfunctional Family
Like a dysfunctional family with members who dislike each other, the EU stays together because of the benefits of David Ricardo’s comparative advantage.
