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.

Concrete Decisions for the U.S. Transportation Infrastructure

The transportation component of the Biden infrastructure bill included repairing 10,000 bridges and modernizing 20,000 miles of roads.  It also has plans for air, rail, water, and public transport:   The report from the American Society of Civil Engineers (ASCE)…

Why Car Colors Matter

Choosing car colors is about more than an appearance when we look more closely at resale value, temperature, and theft.

How One Stuck Ship Can Upset a Whole Supply Chain

Just one boat and one waterway, still, the Suez Canal blockage from a wedged in container ship affected the global supply chain.

Why The Gas Tax Could Disappear

Assume (when our lives return to normal) that you drove two miles to Starbucks, then 10 miles to work, and after that you went home. But later, needing gas and food, you once again used your car. Your VMT (vehicle…

Why the World Needs One Time

Last night, at 12 a.m., Daylight Saving Time (DST) began when our clocks moved forward an hour. Whereas I would have seen the sunrise at 6:11 in New Jersey, instead, it’s at 7:11. Correspondingly, sunset switched from 6:02 on March…

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…