First there was the Great Necco Wafer Panic of 2018 and now we have a Valentine’s Day candy shortage of the conversation hearts that are a national favorite.
Hearing the Clemson University football team got 300 burgers at the White House, an economist might name the resources needed for a quarter pounder.
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 or to use a kite for wind power. All each needs is on his…
When natural disasters like hurricanes, massive snowstorms, and wildfires strike a region, their economic impact is far more than the clean-up.
Called “price gouging” by many of us, an increase in prices as a hurricane approaches could be a productive incentive for supply and demand.
Remembering Hurricane Katrina and the decisions one isolated medical staff had to make for patients, a group in Maryland has recommended triage tradeoffs.
While we know that overused resources can include the ocean, the air, and a pasture, we also should include beaches and seats.
Not only providing a lesson that relates to building nest tunnels, ant economics can also teach us about diminishing returns to scale.
Using old containers from cargo ships, commercial urban farmers are growing hydroponic mini-lettuces and even strawberries in warehouses and garages.