Economic Ideas

Much more than money, economics is about tradeoffs. Thinking economically involves cost and benefit, marginal analysis and seeing that there is no free lunch. Econlife tries to convey these economic ideas, which serve as the foundation of economics and help people make decisions personally, professionally and as voters.

Island Economy

I’m sitting on the beach and looking to the left I see MASSIVE ships sailing up to the beach. Honestly, it hasn’t hit me until now that islands and other destinations survive because of tourism. With eight cruise ships and…

Girl Scout Cookies

Have you ever realized the craze that girl scout cookies have caused? Whenever I hear those three words I jump at the chance to order them. Money really is no object. I end up with enough boxes to last me…

Change in South Africa?

Last night the Oprah special on the Leadership Institute for Girls was on TV. I only saw the last 20 minutes, but I was amazed at the project she put together. These girls were so excited to go to school.…

Is any publicity good publicity?

Hey Fellow Econ Students and Enthusiasts! I was walking in my town today (a very suburban one I might add) and I happened to notice the window of Victoria’s Secret. I remember a couple of years ago when the store…

Where are the women?

Stocks, investments, Wall Street…these names evoke images of men. Until after our recent class trip to the NYSE and Wall Street, I didn’t realize how true these images are. Standing in the stock exchange, I look down onto the floor…

The Super Bowl… Is it really about the game?

Even though I like football, when I watch the Super Bowl, I

(Product) Red. How far will it go?

It is safe to say that ten years ago, not many people would have imagined that we could purchase music right off of the Internet and have the proceeds go straight to charity. One of the more reasonable ways to…

Milton Friedman’s Philosophy

On Milton Friedman… “At a conference 34 years ago, celebrating Friedman’s 60th birthday, I presented a paper questioning that dictum by noting that the vast part of apparently nonprofit-oriented behavior by corporate managers was really — and necessarily — a…

Do you buy things ONLY because they benefit charitable organizations or causes? Part II

Charitable items have entered the world of small brands. For instance, a rare (yet noteworthy) example of this is Kiehl