While a misery index shows a nation’s inflation and unemployment rates, the eurozone’s high unemployment might create disproportionate unhappiness.
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.
Why There is Less Marriage
New attitudes that value marriage less and new economics through which women have more pay and education and men work less have changed marriage markets.
The Best Places For Growing Old
With populations growing older in the developed world, their wellbeing might affect the GDP growth rate because of the expense of their care.
The Unexpected Consequences of More Efficient Lighting
Like 19th century English coal, more efficient and cheap LED lights can mean people and businesses use it more because of the lower opportunity cost.
When Does Practice Really Matter?
Since education creates positive externalities that fuel economic growth, understanding how to develop expertise through human capital formation is crucial.
The Problems With College Ranking
Just like grading human capital, ranking college quality through a single number hides the subjectivity of the process.
Marijuana Money Problems
Colorado’s marijuana growers and dealers are wasting resources because banks and insurance companies will not act as their financial intermediaries.
When You Can Expect to Be Most Creative
Knowing about how and when creative people achieve optimal productivity is important because of the connection between human capital and economic growth.
What Do iPhones and Pencils Have in Common?
Whether looking at the supply chain for a pencil or an iPhone 6, we see globalization because price system incentives create cooperation.
The Nudge Toward a Goldilocks Savings Rate
We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.