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.
Demand, Supply, and Markets
Is Ebola Threatening the Price of Chocolate?
While Ebola fear caused raw cocoa futures prices to rise in September, its long term rise has been because of more demand from developing nations.
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.
The Unexpected Consequences of More Efficient Lighting
Like 19th century English coal, more efficient and cheap LED lights can mean people and businesses use it more because of the lower opportunity cost.
A Solution for Too Few Doctors: More Patience
Decreases in supply, increases in demand and legislative price ceilings are resulting in “network adequacy” problems for U.S. healthcare systems.
What Do iPhones and Pencils Have in Common?
Whether looking at the supply chain for a pencil or an iPhone 6, we see globalization because price system incentives create cooperation.
The Nudge Toward a Goldilocks Savings Rate
We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.
Using Prediction Markets to Catch Match-Fixing at Wimbledon
When supply and demand in tennis match prediction markets created illogical prices, researchers said that 3 matches at Wimbledon might have been fixed.
The Path of the Shifting Center of Global Economic Power
Led by Chinese economic growth and other emerging markets, the center of economic gravity is moving eastward from the developed world to Asia.
What Refrigerators Can Tell Us About Global Markets
In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.