Used to be we would prepare dinner at home while eating out was occasional. No more. Now, especially for lunch and dinner, someone else prepares the food. The Mystery The Atlantic called it “The…
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.
Choosing the Best Healthcare Country
The one number we can be sure of for the Cassidy-Graham Healthcare Plan is 141. Its length is 141 pages. With no “score” from the Congressional Budget Office, lawmakers have no shared esti…
What Amazon Wants For Its HQ2
Our story starts with one of the transistor’s inventors. According to a Wired article, William Shockley is the reason that Silicon Valley grows chips instead of apricots. Although Shockley Semic…
Why We Buy Our iPhones
With its newest and priciest product launch, Apple has made iPhone conspicuous consumption the reason to buy their phone.…
The Results of Warren Buffett’s Million Dollar Bet
With a Vanguard S&P Index fund competing against a group of hedge funds, a decade-long Warren Buffett bet for $1 million has just ended.…
Fracking and India’s Guar Bean Bubble
Used in ice cream, India’s guar gum is also so necessary for fracking that the rise of oil prices created a guar bean bubble.…
Debating Kenya’s Plastic Bag Ban
To hear a single-use plastic bag regulation debate, you could go to Kenya or NYC while Rwandans might be discussing their plastic bag black market.…
The Money That People Won’t Spend
Swinging from hyperinflation to deflation, the value of Zimbabwe currency has created uncertainty for more than a decade.…
What Technology Entrepreneurs Want From Government
With Silicon Valley being called a massive ATM, researchers looked at the opinions of elite technology entrepreneurs to see their political influence.…
Why We Like Lotteries
We can ask why our lottery ticket spending has been $70 billion annually when we have such an infinitesimal chance of winning.…