Calming the everyday monetary chaos created by Venezuela’s hyperinflation is about much more than lopping zeros off its currency.…
Macroeconomics
The study of how the economy behaves as a whole as well as economy-wide phenomena.
Why Aretha Franklin Should Have Earned More From “Respect”
Looking at who did not pay Aretha Franklin for “Respect,” we can see why music copyright law is being rewritten by the Congress.…
An Economics Lesson From an Ant
Not only providing a lesson that relates to building nest tunnels, ant economics can also teach us about diminishing returns to scale.…
Why Urban Farmers Plant Their Crops in Garages
Using old containers from cargo ships, commercial urban farmers are growing hydroponic mini-lettuces and even strawberries in warehouses and garages.…
Why Driving is Safer in Sweden
An economist might say that the optimal number of traffic fatalities depends on the cost of preventing them. Sweden disagrees. Compared to most other countries, Sweden’s road safety is tops: In …
A Surprising Way to Cut Healthcare Costs
Assume for a moment you are in a doctor’s office observing an examination. A 70-year old male patient enters pulling an oxygen tank and wearing a baseball cap. Because the doctor has been seeing…
The Jobs That Women Don’t Do
One of the original Rosie the Riveters was just in the news. Now 98 years old, Elinor Otto visited the San Diego aircraft plant where she first picked up her riveting gun during World War II. At the D…
Upsetting Uber’s Economics
Legislation from the New York City Council will upset Uber economics when it limits the number of new ride-hailing vehicle licenses.…
Six More Facts We Need To Know About Social Security
Although Social Security solvency has not been in the headlines, it remains a massive challenge that we need to understand.…
(Almost) All You Need To Know About Quotas
From sleeveless jackets to begging brides and young sports teams with no uniforms, the complexities of quotas can produce a slew of unpredictable results.…