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 Educational Journey of a Homeless Child

Told by a NY Times reporter, the educational journey of a homeless child creates daunting dilemmas that also relate to government programs.

How Can You Cut $3.5 Trillion That Will Build Back Better?

To begin to grasp President Biden’s spending proposals and the spending cuts debate, we need to understand big numbers.

Why a (Social Security) COLA Might Be Too Sweet

With Social Security COLAs (Cost-of-Living-Adjustments) soaring, we wind up with a wage mismatch that accelerates funding problems.

The Price We Pay For a Costly Comma and an Absent Apostrophe

When we use poor punctuation, a misplaced comma or a missing apostrophe can create a costly mistaken message.

New Pillars For the Global Corporate Tax System

Although 136 countries have agreed to update the corporate tax system, a 15 percent maximum rate is not as simple as it sounds.

When Carbon is Like a Calorie

By looking at the impact of the Affordable Care Act’s calorie label mandate, we can guess how much Google’s emission facts will influence us.

Six Twists in Our Supply Chain

Ranging from ships to ports to truckers and warehouses, our supply chain twists are causing delayed deliveries everywhere.

Social Media’s Hidden Cost

Ranging from individuals to the entire economy, the cost of social media generally and of Facebook specifically ripples in many directions.

When Baseball Umpires Should Not Pay Attention

Shown by home plate umpires, paying attention becomes easier when we use it less in the past or expect not to need it in the future.

Where It’s Tough To Select a New Garbage Can

Ranging from price to design, San Francisco and New York City have very different goals when it comes to designing a new garbage can.