Macroeconomics

March 13, 2014

More Expensive Ice Cream?

Milk prices are going up. And yet, in the US, we are drinking less milk. According to Corey Geiger, managing editor of Hoard’s Dairyman magazine, one reason is […]

March 11, 2014

Venezuela Has Cheap Gas But No Cars

At the official exchange rate, Venezuelans pay 5 cents a gallon for premium gasoline while the real price is closer to one half penny a gallon. The […]

March 7, 2014

How Much Will You Pay For the HOT Lane?

The results of dynamic tolling appear to be surprising the Florida Department of Transportation. Alone in your car on Florida’s I-95, you no longer have to […]

March 5, 2014

Is the Price of Protecting Pandas Too High?

By Madeleine Vance, guest blogger and student at Kent Place School This summer, I had an incredible opportunity to travel through China including a stop to […]

February 27, 2014

B(T)FF… Best Trading Friends Forever

We can say that Mexico believes her top trading partner is the United States because the value of her exports to the US (2013: $370,826,831) added to the […]

February 26, 2014

Tall and Short Populations

Princeton economist Angus Deaton estimates that it will take 500 years for Indian women to reach the height of English women. In The Great Escape, Dr. […]

February 23, 2014

The Plight of the Night Owl

I must start with my bias. I am a night owl. So too were Winston Churchill and Charles Darwin, James Joyce and Glenn Gould. In one […]

February 16, 2014

What Can We Learn From Downton Abbey Economics?

Downton Abbey can tell us a lot about the British economy…but not everything. We know the aristocracy is struggling. Many of the 700 families who had […]

February 13, 2014

Problems With Grade Deflation

The number of hours we study is down and our grades are up. Between 1961 and 2003, full time college students diminished their study time from […]

February 12, 2014

The Cost of Conservation

By Madeleine Vance, guest blogger and student at Kent Place School. Saving water is supposed to allow us to cut down costs. For the drought-stricken city […]

February 9, 2014

Problems With the Unemployment Rate

Almost everyone is saying the unemployment rate is a problem. At 6.6% and with job creation at 113,000, the numbers reflect a troubled jobs market. The […]

February 6, 2014

A Surprising Connection Between Tennessee and the Affordable Care Act

There is probably a tradeoff between health insurance and the demand for jobs. During 2005 in Tennessee, the demand for jobs increased when 170,000 people lost their Medicaid […]