Although caused by entirely different reasons, Suez and Panama Canal problems together have shifted supply curves.
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.
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.
Why We Won’t Want Another Meatball
Sometimes less is more when you can choose between regular Ikea’s meatballs and one that is the size of a turkey.
A Global Look At Learning (Maybe)
This week, with Singapore at the top, the OECD reported its PISA test results for global learning among 15-year-olds.
When To Give a Gift
During the winter holidays, considering all of our gift giving decisions, we could listen to some economic advice.
Why Sports Stadiums Create Dilemmas
Like all sports projects, renovating Arthur Ashe Stadium requires choosing between most fans and the minority that brings the most revenue.
How Cost Can Change Climate Policy
With COP28 having begun, we can ask if the delegates are comparing marginal decisions about the cost of climate policy to its benefits.