Economic Ideas

October 18, 2017

The iPod, Starbucks, and Richard Thaler’s Behavioral Economics

Discussing the iPod he designed, Tony Fadell expressed his frustration with products that said “charge before use.” He remembered arriving home excited about a newly purchased […]

October 16, 2017

Deciding Who Is Middle Class and Who Is Rich

According to President Trump and most other politicians, tax reform will be “a middle class bill.” However, ask people what they mean by the middle class […]

October 13, 2017

Why the Panama Canal is Bigger and Better

Enabling the newest massive container ships to travel to the East Coast, the Panama Canal expansion changed the world's transportation infrastructure.

October 10, 2017

The Story of a Nudge and the Nobel Economics Prize

For his public policy nudges and his contributions to behavioral economics, Richard Thaler will get the 2017 Nobel Memorial Prize in Economics.

October 6, 2017

The Washing Machine Trade War

My LG washing machine was more expensive than it should have been. The reason takes us to washing machine dumping and tariffs. The Washing Machine Wars […]