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.

Why Future Grandmas Should Worry

Ranking the global retirements systems of 47 countries, a group in Australia placed . the Netherlands at the top.

When the Dog Ate the Money

When your dog makes a meal of your money, you can ask if chewed up cash can be rescued by depositing it at the bank.

What an Economist Says About a 59 Million Dollar Wedding

Knowing that prices convey information, we can assume that a $59 million wedding is an example of Thorstein Veblen’s conspicuous consumption.

How Our New Year’s Resolutions Have Changed

Seeing that our New Year’s resolutions have changed since last year, we have to figure out new devices to keep them.

How Times Change

Determining all time changes, countries each decide how New Year’s celebrations ripple from one country to the next.

A Tale of Two Canals

Although caused by entirely different reasons, Suez and Panama Canal problems together have shifted supply curves.

What Money Means

Recent surveys that have looked at money’s value display it has become more important while traditional values are slipping.

The Afterlife of All We Return

Accepted as a normal part of online shopping, our return behavior is easy for us but is much more complex for sellers.

The Economic Side of “Home Alone”

Identifying “Home Alone” economics, we can see reasons for economic growth through the difference between 1990s and 2023 technology.

Why Being Tall Is About More Than Height

While seeing that height matters by identifying where we would see the most tall people, researchers note that we are growing shorter.