Economic Ideas

June 2, 2014

Gender Issues: The Invention of Wings

Our Monday gender issues focus Combine 1 great read, 2 crucial issues and 3 memorable women (2 who really existed) and you get The Invention of Wings by […]

June 1, 2014

Should GDP Include Illegal Drug Deals?

In 1987, Italy decided to include its “off-the-books” economy in its GDP. The result was an 18% boost. Now, further complying with EU accounting regulations, Italy […]

May 31, 2014

An Amazing Story From a Graph

Sometimes one graph can tell a whole story:   A 4-minute animation can also convey a much bigger story. Looking at the same time period as our […]

May 30, 2014

What Signals Does a College Degree Really Send?

Some economists have an unexpected reason for the college earnings premium. First, the premium… In 2011, a diploma from a 4-year college meant you would earn 83% more than your […]

May 27, 2014

The Income Inequality That Doesn't Bother Us

When people talk about the top 1%, they are probably not thinking about NY Yankees shortstop Derek Jeter or Seattle’s MLS forward, Clint Dempsey. For 2014, Jeter signed a […]

May 25, 2014

When Does it Cost Too Much to Save a Human Life?

Is $1 a day for someone else’s pill too much to pay with your tax dollars? $10? $100? $1,000? Kaiser Health News recently reported that a new treatment for […]