Economic History

February 13, 2018

The Real Infrastructure Spending Story

Referring to spending at the federal, state, and local levels, and to roads and bridges and electrical transmission lines and railroads and so much more, infrastructure spending is monumentally complex.

February 12, 2018

Why Valentine’s Roses Bloom in Colombia

Most of our Valentine's roses come from Colombia because of the U.S. government, the perfect combination of land, labor and capital, and Walmart.

February 9, 2018

Cupcakes and Other Notable Bubbles

Whether looking at 1637 or 2000, markets and financial bubbles always seem to find each other. As a surge in demand pushes prices up, the result resembles a bubble because it is full of air rather than value.

January 19, 2018

What The Last Supper Says About Food Portions

Looking at entrée, bread and plate sizes in versions of the Last Supper during the past millennium gives us some clues about portion size history.

January 14, 2018

The Surprising Significance of Ping Pong

Perhaps correlated with ping pong table sales, the venture capital that goes to technology startups is concentrated in the San Francisco Bay Area and the Boston/NY/Washington D.C. corridor.