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.

How to Untangle Africa’s Supply Chain

Constrained by a slew of tariff and non-tariff barriers, African nations hope to boost economic growth with a multinational market.

Six Facts: Where the Gender Gap Has Grown

While we know that the pandemic gender gap grew, we need to look more closely at mothers to see who, how, why, and where.

How to Create a New City

Through a new city, investors are creating an economic development zone in Honduras that depends on libertarian ideas and technology.

Where Housing Prices Are Going Through the Roof

Whether looking at lumber or houses, we see a housing boom that is an example of classic supply and demand.

Telling the Student Loan Story

There is much more to see about student loans than a $1.7 trillion total when we decide how much Congress might forgive.

The Feminine Side of City Streets

A headline in the Brooklyn Eagle asks us to imagine a New York where most of the streets are named for women. As they describe their alternative world, we could have Barbra Streisand Lane and Ethel Merman Boulevard. Female names…

How One Stuck Ship Can Upset a Whole Supply Chain

Just one boat and one waterway, still, the Suez Canal blockage from a wedged in container ship affected the global supply chain.

The Corporate Tax Rates That Are Not What They Appear To Be

Right now, the U.S. corporate tax rate is close to the world average:   But, if other OECD (Organization for Economic Cooperation and Development) countries agree with Janet Yellen, we could wind up with a global minimum corporate tax for…

How a Contest Can Encourage Ingenuity

In Taiwan, for two days, people whose name was “salmon” (and five of their friends) got all-you-can-eat sushi. Offered by a sushi restaurant chain, the promotion created “salmon chaos.” Because you just needed an identity card that included “gui yu” (the…

Where An Online Collectible is Worth $69 Million

Using V-bucks, Fortnite players accumulate the skins that make look alike video characters more unique. One thousand V-bucks could cost close to $9.99. Below, you are looking at a rare skin:   Similar and yet very different, another online collectible…