Including congestion, wasted gas, time and emissions, cheap parking creates negative externalities that variable pricing of parking spaces can eliminate.
Economic Thinkers
Starting with Adam Smith and The Wealth of Nations, continuing to Malthus, Ricardo, Keynes, Hayek, Friedman, Sen and others, the timeless ideas of economic thinkers provide understanding of the contemporary economy.
Why Academy Award Winners Might Live Longer
Relating income inequality to the stress felt by low status Bolivian Tsimane men and academy award losers, researchers said that stress that harms health.
Is Your Favorite Economist Biased?
Illustrated through word use and data selection in research, politically liberal and conservative economists display a tendency toward confirmation bias.
A Bigger (Thanksgiving) Pie or Equal Slices?
Increasing income inequality by moving from communal farming to individual plots, Plymouth Colony Governor William Bradford changed income redistribution.
What An Unemployment Rate Does Not Tell You
A single statistic like the unemployment rate for Japan, the European Union and the U.S. can be misleading until we look more closely at what it represents.
The Benefits of Perpetual Federal Debt
Very long term federal debt that has no date for redemption like UK First World War bonds and U.S. Revolutionary War debt depend on good public credit.
How Chinese Economic Growth Relates to Restaurants and Pilots
China might not fuel world economic growth if instead of a 7 percent real GDP growth rate forecast, we use a regression to the mean of 3.9 percent.
An Economist’s Definition of Misery
While a misery index shows a nation’s inflation and unemployment rates, the eurozone’s high unemployment might create disproportionate unhappiness.
Why There is Less Marriage
New attitudes that value marriage less and new economics through which women have more pay and education and men work less have changed marriage markets.
When Does Practice Really Matter?
Since education creates positive externalities that fuel economic growth, understanding how to develop expertise through human capital formation is crucial.