Economic History

US economic history starts with the 13 colonies and the transition from communal to individual land ownership, continues with 19th century economic growth and takes us to the role of services during the 20th century. Involving government, consumers and businesses, at econlife, economic history provides more understanding of today’s economy.

How a Fake Country Fooled the Big Banks

As an emerging markets investor in 19th century South America, it was tough to find out what was really happening. At best, up-to-date news had a three month journey. Even with good winds, the round trip between London and South…

How Free Stock Trades Can Be Expensive

Behavioral economist Dan Ariely demonstrated the impact of “free” in an experiment that he described in Predictably Irrational. At first, participants could choose a Hershey’s Kiss for a penny or a Lindt Truffle for 15 cents. Selected by 73%, the…

Why the Intellect of a Monarch Matters

New Jersey’s Essex County created a vaccine success story that others have tried to replicate. Police officers and sheriff’s deputies helped with vaccine deliveries. The county enlisted a battalion of volunteers ranging from laid-off men and women to nursing students.…

How To Diminish Our EV Range Anxiety

At 114 per 100,000 people, Vermont had the highest per capita concentration of EV chargers (plugs, not necessarily charging stations) in the U.S. Below, Washington D.C. at 81 and California, 72, are a distant second and third:   However, a…

Why It’s Tough to Turn Around a Big Ship

Large container ships can carry approximately 22,000 boxes called TEUs (Twenty-foot Equivalent Units). Above, the vessel in our featured image has 15,000 containers. In just one of them, you can add 48,000 bananas to the global supply chain. Or, imagine…

Why Amazon Is Buying a Freighter Fleet

Just 16 years ago, we needed a $25 minimum order to get Amazon’s free Super Saver Shipping for an 8 to 10 day wait. An extra $9.48 got us two-day delivery and $16.48, one day. But then in 2009, they…

A Bit of Bitcoin Geography

Our story starts in San Francisco with a programmer, Stefan Thomas, who has a cache of 7,002 Bitcoin worth approximately $220 million (on January 12). During 2011, he was given those Bitcoin for making this animated video. Do take a…

Celebrating Wikipedia’s Birthday

During a 2007 episode of The Office, Michael Scott (Steve Carell) said Wikipedia was “the best thing ever.” His reason? “Anyone in the world can write anything they want on any subject.” The show’s writers thought they had Michael expressing…

Why We Need to Know About the Cupcake Bubble

Long gone, but still here in many ways, the cupcake bubble is a timeless story about more than decadent food.

How an Elevator Is Like a Traffic Light

Because of the wait time that they force us to sacrifice, elevators and traffic lights are somewhat similar.