To its detriment, the U.S. might have insufficiently recognized the impact of China’s economic complexity in the U.S. China trade deal.…
Economic Ideas
Much more than money, economics is about tradeoffs. Thinking economically involves cost and benefit, marginal analysis and seeing that there is no free lunch. Econlife tries to convey these economic ideas, which serve as the foundation of economics and help people make decisions personally, professionally and as voters.
The Cities That Innovate the Most
Prosperity is becoming increasingly concentrated as talent attracts talent and highly educated workers are moving to the same innovation centers.…
Why Venezuelans Might Launder (In a Washing Machine) Their Dollars
The U.S. dollar is a handy backup when a country’s currency loses its value. After Zimbabwe’s hyperinflation hit its peak (or its nadir) in 2009, they used U.S. dollars but didn’t ha…
How the 737 MAX Could Change Your Vacation Plans
Because 737 MAX demand from American and other airlines was large, grounding the plane has created huge flight disruptions.…
Everything We Need to Know About Global Economic Risk
Concerned with a shift away from traditional multilateral institutions and free trade, the World Economic Forum identifies our global economic risk.…
A Global Look at the 737 MAX
More than a U.S., airplane, the Boeing 737 MAX is made from components that come from the 600 companies in its global supply chain.…
The Choice Fatigue That Exhausts Us
Making decision after decision everyday on what to wear, what to eat, what to read, and what to watch, we create more choice fatigue.…
The Best Way To Judge World Trade Activity
To measure world trade activity and the health of the global economy, we just need to look at a rather obscure index that tells us some everyday facts.…
How Hershey Kisses and COPEC Are Like Oil and OPEC
Hershey kisses and COPEC might be like petroleum and OPEC if the Ivory Coast and Ghana are able to elevate cocoa bean prices.…
How Eating Less Popcorn Is Like Smoking Fewer Cigarettes
Thinking about changing habits that are good and bad, we can look at what researchers discovered during a popcorn experiment.…