With implications that extend beyond sports, believers in classical economics and in behavioral economics are debating whether players can have streaks.
Demand, Supply, and Markets
How Men Act When They Outnumber Women
How gender ratios in the U.S. and China affect men’s financial behavior can be explained with supply and demand and behavioral economics from Gary Becker.
Understanding a New Tax Issue
With the House requiring dynamic scoring of tax legislation from the CBO, the bigger tax debate resurfaces on how much redistribution and spending.
Alcohol, Marijuana or Tobacco: Which is Most Harmful?
When government miscalculates the negative externalities of substances like marijuana and alcohol, they waste land, labor, capital, time and money.
How the Fed Solves the Old Money Problem
Part of keeping the money supply at the right level involves the Fed monitoring the paper money that enters circulation and recycling cash that leaves it.
The Seven Ways We Pay For Free Parking
Including congestion, wasted gas, time and emissions, cheap parking creates negative externalities that variable pricing of parking spaces can eliminate.
Italy and the EU: An Internet Story
Looking at internet connectivity as a part of the EU’s information infrastructure, we can see how Italy is behind and reflects member nation contrasts.
Three Graphs That Tell the Whole Oil Story
Following the law of supply, U.S. shale oil firms will lower output because OPEC is letting price plummet but airlines on demand side like lower prices.
Should Water Be Free?
Although protestors in Detroit and Ireland say water is a human right, economists, citing a definition of a public good and a tornado alarm, would disagree.
Four Ways to Understand Marijuana Demand
With an increasing number of states legalizing marijuana, demand is shifting because of changes in utility, complementary products and the number of buyers.