When North Korean prices for rice and corn rise steeply, we get the message that something is wrong with supply and demand.
Demand, Supply, and Markets
Why Car Colors Matter
Choosing car colors is about more than an appearance when we look more closely at resale value, temperature, and theft.
Why You Should Bet On a Vaccine
Giving us unbiased insight about the future, vaccine prediction markets can help us predict when the economy could return to normal.
What We Can Learn From Used Car Prices
Some economists are asking if the increase in used car prices is an indicator of the path that future inflation will take.
What Makes a Snow Shoveler Smile?
Monday, in Morris County, New Jersey we got approximately 24 inches of snow. NOAA shows us who was hardest hit. My home, where the arrow points, is shaded in darker orange: At 20 to 30 inches rather than the usual…
Why It’s Tough to Turn Around a Big Ship
Large container ships can carry approximately 22,000 boxes called TEUs (Twenty-foot Equivalent Units). Above, the vessel in our featured image has 15,000 containers. In just one of them, you can add 48,000 bananas to the global supply chain. Or, imagine…
How Dating Markets Have Changed
As they replace the traditional ways that couples meet each other, onlne dating markets are reducing the role of friends and family.
The Ups and Downs of Global Beer Consumption
Your beer consumption can depend on where you live, whether you prefer wine, your country’s traditions, and your income.
A Simple Explanation of Wacky Oil Prices
Looking at a crude oil matchmaker, production, and consumption, we can simply explain the below zero April oil price plunge.
When Pandemic Electricity Demand Is Like the Big Flush
Although pandemic lockdowns have reduced electricity demand, still, like the “big flush” after the Super Bowl, they need to retain peak capacity.