From statistics and a satellite image of the world at night, we can see that developing countries lack the electrification they need for economic growth.
Weekly Roundup: From Airline Seats to Earthquakes
Our weekly roundup includes everyday economics that relate to opportunity cost, corporate taxation, GDP, monopolistic competition & negative externalities.
Solving the Airplane Seat Problem
According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.
The Path of the Shifting Center of Global Economic Power
Led by Chinese economic growth and other emerging markets, the center of economic gravity is moving eastward from the developed world to Asia.
The Costs of Being Prepared for a Natural Disaster
Whereas natural disaster preparation can save lives, it might have too high an opportunity cost to make sense or be a ShakeAlert that has been proven.
Can an Earthquake Be Good for the Economy?
19th century economic writer Frederic Bastiat warned that a disaster spending GDP boost is misleading because of unseen sacrificed economic activity.
Corporate Tax Dilemmas
When firms diminish their corporate tax rate legally with a corporate inversion, the debate should be about overly complex corporate tax laws.
Do You Prefer McDonald's or Starbucks?
Shaped by monopolistic competition, the behavior of McDonald’s and Starbucks attracts different groups of consumers.
Weekly Roundup: From Waist Size Checks to the Russian Embargo
Our weekly roundup includes everyday economics that relate to entitlements, tax credits, supply and demand, consumer spending on children and the eurozone.