#TBT: Today’s Throwback Thursday looks back to why Standard Oil was divided into 34 companies by the Supreme Court in 1911 and then forward to Amazon.…
Business
Formally called the theory of the firm, the business category focuses on ownership, production and competition. Our goal is to understand business behavior. For ownership, topics include the corporation and sole proprietorships. For production, the focus involves maximizing profits. With competition, topics relate to a continuum that spans the 4 basic market structures: perfect competition, monopolistic competition, oligopoly and monopoly.
Doing a Fractal Zoom Into Our Yearly Pay
Depending on whether you look at national statistics or the numbers on a company basis, employee median pay can look very different.…
The Market Value of a College Sports Program
In addition to March Madness brackets, we could have used a college sports program valuation to rank the market value of each team.…
What Chuck E. Cheese Teaches Us About Money
When Chuck E. Cheese changed the kinds of payment cards that kids and their parents used for games and food, they created new spending incentives.…
The Mystery of the Vanishing Female CEOs
Using 85 observable characteristics, there was little that researchers could use from a Swedish study to prove why the glass ceiling blocks female CEOs.…
Two Ways to See a New Restaurant
While Kenji Lopez-Alt perceived his new restaurant through a food writer’s lens, an economist would see it somewhat differently.…
How to Deal With (Airplane Seat) Recline Rage
To recline or not to recline an airplane seat is a problem for passengers and airlines because of pitch, profits, property rights, and your philosophy.…
Why Pregnancy Remains a Labor Force Issue
Whether looking at entrepreneurs who need venture capital funding, UPS drivers, or Walmart warehouse workers, we could see pregnancy discrimination.…
Why a Higher Minimum Wage is like a Google Map
Using a multi-disciplined lens, the University of Washington’s most recent study of Seattle’s $15 minimum wage conveyed considerable insight.…
Six Facts That Tell You What Is Happening to U.S. Manufacturing
While it depends where you look and the industries you select, you can see that U.S. manufacturing is now experiencing a modest rebound.…