With marijuana legalization, Canada has had to revise 60 years of its Gross National Product (GDP) to avoid misleading numbers.…
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.
Throwback Thursday: Remembering Logos at Chase and American Airlines
#TBT: Today’s Throwback Thursday looks back at Chase Bank and ahead to American Airlines to see how corporate logos have changed.…
How Uber Should Apologize for a Delay
Because a firm like Uber loses revenue from unhappy riders who had delayed arrivals, we could say we are looking at apology economics.…
An Inside Look at the iPhone
Doing an iPhone teardown for the XS Max, we see the cost of the components and the suppliers that extend around the world.…
The Scandal at the Master Sommelier School
Sort of like the licensing exams required by government for certain professions, the wine industry also determines the credentials of its master sommeliers.…
The Facts You Never Knew About the Nobel Economics Prize
First awarded more than 70 years after the original Nobel Prizes began, the Nobel Economics Prize is worth some unexpected extras.…
The New Food Technology That Could Change What We Eat
Whether about cows or chicken nuggets, sometimes seemingly insignificant new food technology can have an unexpectedly massive impact.…
How Your Whisky Can Signal Your Wealth
When one bottle of single malt Macallan whisky sells for more than $1 million, we can ask if it was superior taste or some other reason.…
Are Wages Really Growing?
Although wage growth may be accelerating, a look at the U.S. and also at Amazon’s recent announcement reflects the disparities.…
The Cash We Love to Stash
Although going cashless seems to be a trend, we are printing more $100 bills for people in the U.S.and elsewhere in the world.…