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.

When Is Amazon Prime’s Price Too Pricey?

While the history of Amazon Prime price hikes shows membership continued to grow, we can ask if a new increase will have the same impact.

How Fast (Delivery) Became Slow

Looking back as far as the 19th century and as recently as the start of Amazon Prime, we can see how what we call fast delivery has changed.

Six Facts: The Economic Side of the French Bulldog

Six facts about the economics of French bulldogs can explain why they are popular, expensive, and appeal to dognappers.

How Geography (and our crops) Divide Us

Traveling around the world, from Belgium to Australia, we see the same North-South differences that divide China’s rice and wheat farmers.

From Development or Conservation to Fat Bears and Big Trees

Thinking of Alaska’s development or conservation tradeoff, we can just imagine fat bears and 180 foot trees.

How to Keep a New Year’s Resolution

Combining the incentive of a “fresh start” with commitment devices, we could actually keep our New Year’s resolutions.

How to Decide if a Hot Dog Is a Sandwich

The hot dog in a bun becomes more than a meal when sandwich classification determines if it’s taxed and who can compete.

A Return to the Downside of Gift Giving

During the holiday season, our gift giving might have less value than we expect because recipients engage in preference falsification.

A Non-Scents Review on Amazon

Among the countless ways that Covid has affected our lives, now we can add the correlation suggested by Amazon candle reviews.

The $50 That No One Wanted

While a brown M&M and an unread college course syllabus seem very different, they both provide a lesson about the need for default options.