Economic History

February 13, 2015

Pondering the Bunker Hill Theory of Inflation

As the source of monetary policy, the Federal Reserve has to decide if interest rates should rise when inflation is low but a jobs recovery has begun.

February 12, 2015

Three Big Questions About the GDP

GDP problems include that it's not calculated the same way in different countries, its data can be tough to gather, and its components omit important items.

February 9, 2015

One Reason We Can’t Believe in Innate Talent

Limiting potential economic growth, the myth of innate talent in disciplines like philosophy diminishes the pool of female and Afro-American human capital.

January 21, 2015

Can Economists See the Hot Hand?

With implications that extend beyond sports, believers in classical economics and in behavioral economics are debating whether players can have streaks.

January 9, 2015

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.

January 8, 2015

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.

January 4, 2015

What a Blind Taste Test Showed About Beer

Behavioral economic ideas show that product differentiation and consumer preference are more from branding than the taste of colas or beers.

December 28, 2014

Why the Metric Switch is so Tough

The expense and complexities of switching to the metric system have prevented the change, and have affected how standard weights and measures help globalization.

December 22, 2014

The Seven Ways We Pay For Free Parking

Including congestion, wasted gas, time and emissions, cheap parking creates negative externalities that variable pricing of parking spaces can eliminate.

December 16, 2014

Why Academy Award Winners Might Live Longer

Relating income inequality to the stress felt by low status Bolivian Tsimane men and academy award losers, researchers said that stress that harms health.

December 15, 2014

Italy and the EU: An Internet Story

Looking at internet connectivity as a part of the EU's information infrastructure, we can see how Italy is behind and reflects member nation contrasts.

December 9, 2014

Expanding How We Measure Inflation

Our CPI measure of the inflation rate has been debated because it could be calculated using a chained CPU, could be real time, and excludes some seniors.