With marijuana legalization, Canada has had to revise 60 years of its Gross National Product (GDP) to avoid misleading numbers.…
Macroeconomics
The study of how the economy behaves as a whole as well as economy-wide phenomena.
Throwback Thursday: Remembering Logos at Chase and American Airlines
#TBT: Today’s Throwback Thursday looks back at Chase Bank and ahead to American Airlines to see how corporate logos have changed.…
Where Education and Healthcare Could Be Better
The new World Bank Human Capital Index was created to encourage the leaders of 157 countries to improve their healthcare and education.…
Six Facts: What Our Pet Spending Says About Us
Documented in the entertainment category of consumer expenditures, pet spending has increased at the same time that their names have changed.…
The Light Side of Economic Growth
Looking at William Nordhaus’s study of lighting history, we can see how increasingly cheaper illumination boosted our living standards.…
The Facts You Never Knew About the Nobel Economics Prize
First awarded more than 70 years after the original Nobel Prizes began, the Nobel Economics Prize is worth some unexpected extras.…
The New Food Technology That Could Change What We Eat
Whether about cows or chicken nuggets, sometimes seemingly insignificant new food technology can have an unexpectedly massive impact.…
What the GDP Leaves out (And Should It Matter?)
As a yardstick of the value of the goods and services produced in one year, a country’s GDP might be more accurate if it included unpaid household work.…
Are Wages Really Growing?
Although wage growth may be accelerating, a look at the U.S. and also at Amazon’s recent announcement reflects the disparities.…
The Cash We Love to Stash
Although going cashless seems to be a trend, we are printing more $100 bills for people in the U.S.and elsewhere in the world.…