As the race to develop a COVID-19 vaccine accelerates, nations would be wise to avoid vaccine nationalism and instead try to cooperate..
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 Tesla is Like a Model T Ford
Although they are separated by a century, the Model T Ford and Tesla are rather similar when we look at their leadership and production.
Dark Stores and Other Ways That Grocery Shopping Has Changed
The five basic ways that our grocery shopping will change at home and in the store were propelled by the coronavirus pandemic.
How Hamilton Created U.S. Economic Independence
Through Alexander Hamilton’s Development Plan, we see a timeless strategy for achieving economic independence from credit, debt, and growth.
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.
Why Purell is More Than a Hand Sanitizer
A classic story about entrepreneurs, Purell history displays how a wife and her husband satisfied a need before it existed.
Virus Economics (False) Tradeoffs
In a virus economics survey through a University of Chicago forum, 41 economists expressed their opinion about policy issues.
What Would John Maynard Keynes Have Said About Stimulus Spending?
To the Great Depression and the Great Recession, we can now add coronavirus stimulus spending as examples of John Maynard Keynes’s philosophy.
The Pricey Purse That Created a Problem
When Hermes combined very high prices with limited availability for its Birkin bags, it not only generated conspicuous consumption but also a problem.
What An Economist Says on Valentine’s Day
Looking at an economist’s Valentine, we would find production possibilities, inelasticity, marginal returns, and also some poetry.