Through the excellent Netflix documentary, “American Factory,” and Bureau of Labor Force projections, we can see disappearing manufacturing jobs.…
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.
Why We Should Buy Popcorn at the Movies
When you see why movie theater tickets are cheap and movie theater popcorn is so expensive, you might want to buy more popcorn.…
Why We Should Care About Economic Uncertainty
It is likely that the economic uncertainty created by changes in trade regulations will affect business investment, consumer spending, and the GDP.…
Why Trade Is Good
Knowing that the benefits of free trade can be invisible, we can use a list of six brief reasons to actually see why trade is good.…
When To Ignore Your Email
Tempted by thousands of hours of digital distractions, at home and at work, we diminish our creativity, our productivity, and our self-satisfaction.…
How to Calculate the Cost of a Disaster
To determine the disaster cost of weather and climate events, the U.S. government has to decide what to include and how to assess the value.…
The Chicken Sandwich War That Popeyes and Chick-fil-A Started
A Maryland man tried to sell his Popeyes chicken sandwich for $100 through Facebook. He even offered to deliver it in the DC area for an extra $38.52. Because of the frenzy over the sandwich, he might…
Why We Should Worry About Our (Top) Banana
With the arrival of a banana fungus in the Americas, we should start to worry about the survival of one of our most popular fruits.…
One Way That Norway Is Different from Nigeria
Diplomatic immunity can give us an indication of corruption in a country by looking at whether consular officials pay parking tickets.…
The Connection Between Traffic Jams and Jobs
As the downside of low unemployment, traffic congestion can have an invisible cost that relates to time, gas, and aggravation.…