Economic Ideas

October 27, 2014

The Reason Norway Said No to the Olympics

Because host countries for the Olympics and World Cup spend too much on new stadiums, their subsequent return on investment (ROI) is usually inadequate.

October 26, 2014

An Economist’s Definition of Misery

While a misery index shows a nation's inflation and unemployment rates, the eurozone's high unemployment might create disproportionate unhappiness.

October 21, 2014

Why There is Less Marriage

New attitudes that value marriage less and new economics through which women have more pay and education and men work less have changed marriage markets.

October 16, 2014

The Best Places For Growing Old

With populations growing older in the developed world, their wellbeing might affect the GDP growth rate because of the expense of their care.

October 14, 2014

The Unexpected Consequences of More Efficient Lighting

Like 19th century English coal, more efficient and cheap LED lights can mean people and businesses use it more because of the lower opportunity cost.

October 12, 2014

When Does Practice Really Matter?

Since education creates positive externalities that fuel economic growth, understanding how to develop expertise through human capital formation is crucial.