While minimum wage momentum appears to have accelerated during November when voters approved new hikes, some recent surprises could indicate a reversal.
Why Competitive Eating is About Much More Than Food
When Joey Chestnut guzzles 72 Nathan’s hot dogs in 10 minutes, his competitive eating takes us to much more than food and entertainment.
When the Power of the Market Affects Commodity Prices
The results of the bet between biologist Paul Ehrlich and economist Julian Simon showed how the power of the market affects commodity prices.
How College Athletes Are Really Paid
When student athlete pay is replaced by luxurious locker rooms, the market is prevented from allocating money productively.
Looking at a Global Supply Chain With a Smile (Curve)
A smile curve is a handy way to see that the global supply chain for technology is much more complicated than a Made-in-China label.
How Egg Markets Are Scrambled
The most recent avian influenza outbreak was one of the worst. In the U.S., 32 million egg-laying hens died while one third of Iowa’s egg layers were wiped out. Predictably, egg prices spiked. Yes, no one expected those high prices…
Why Cheap Was a Problem for Starbury Signature Sneakers
When Stephon Marbury priced his signature sneakers at $14.98, he had more of a problem selling them than he had expected,
Throwback Thursday: Looking for a Tasty Tomato
#TBT: Today we look back to when small and sweet tomatoes became large, sturdy and bland. How the Tomato Lost Its Taste Our story begins close to 90 years ago. Although we are not sure where, we do know that…
How to Upset the Minimum Wage Debate
Economists on one side of the minimum wage debate just got some extra ammunition from the results of a University of Washington study.
Throwback Thursday: Before the Baguette Crisis
Seeing the impact of French baguette deregulation, we can look back at the days when government guaranteed Paris’s bread supply.