Scarcity

December 6, 2018

The Economics of Skiing Across Antarctica

Across a 921-mile stretch of Antarctica, two men are racing. Unassisted, each is alone. Unsupported, they are not allowed to receive a food or fuel drop […]

September 13, 2018

Six Facts About Disaster Economics

When natural disasters like hurricanes, massive snowstorms, and wildfires strike a region, their economic impact is far more than the clean-up.

August 29, 2018

Why You Might Want Some “Price Gouging”

Called "price gouging" by many of us, an increase in prices as a hurricane approaches could be a productive incentive for supply and demand.

August 17, 2018

Why Urban Farmers Plant Their Crops in Garages

Using old containers from cargo ships, commercial urban farmers are growing hydroponic mini-lettuces and even strawberries in warehouses and garages.

July 22, 2018

The Huge Impact of a Rather Irritating Invention

While the cost of free parking in New York City is rather huge, it can be offset by what was a seemingly insignificant and irritating innovation.

June 18, 2018

How Starbucks Coffee Bean Husks Are Like Perdue Chicken Paws

When previously worthless byproducts like coffee bean husks, chicken paws, and hog snouts became popular, we increased our economic efficiency.