When We Don’t Need Traffic Lights

Having recently driven in Manhattan (NYC) and now on Nantucket (an island located 30 miles from the coast of Massachusetts), I’ve been pondering the difference a traffic light can make. In NYC, the traffic lights are constant signals from government.…

Why We Have a Chores Gap

Especially evident during pandemic lockdowns, at home we have a chores gap that determines who does the housework.

Why You Should Bet On a Vaccine

Giving us unbiased insight about the future, vaccine prediction markets can help us predict when the economy could return to normal.

Why Water Is a Worry

Looking at Cape Town, South Africa and 12 U.S. cities we can see why the basic water tradeoff involves a choice between conservation and affordability.

A Simple Look at the World’s Most Complex Economies

To its detriment, the U.S. might have insufficiently recognized the impact of China’s economic complexity in the U.S. China trade deal.

What Presidents Added to Thanksgiving Economics

From George Washington to Abraham Lincoln and Franklin Roosevelt to George H.W. Bush, U.S. presidents have influenced Thanksgiving economics.

Astronomically Different Prices for an Apollo 11 Videotape

Sold twice at auctions, the two prices of the Apollo 11 videotapes were astronomically different because of changes in demand and supply.

Why Did the Pedestrian Cross the Road?

In NYC and in Nantucket, Massachusetts, drivers respond to different incentives because Manhattan has traffic lights while Nantucket does not.

What We Mean by Socialism

Knowing the different meanings of socialism and capitalism can help us better understand what we and presidential candidates support.

The Most Unexpected Market

Like all activities that relate to supply and demand, ransom markets involve predictable behavior from kidnappers, their victims, and negotiators.