Microeconomics

November 4, 2014

The Benefits of Perpetual Federal Debt

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.

October 30, 2014

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.

October 27, 2014

The Reason Norway Said No to the Olympics

Because host countries for the Olympics and World Cup spend too much on new stadiums, their subsequent return on investment (ROI) is usually inadequate.

October 26, 2014

An Economist’s Definition of Misery

While a misery index shows a nation's inflation and unemployment rates, the eurozone's high unemployment might create disproportionate unhappiness.

October 21, 2014

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.

October 16, 2014

The Best Places For Growing Old

With populations growing older in the developed world, their wellbeing might affect the GDP growth rate because of the expense of their care.

October 14, 2014

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.

October 12, 2014

When Does Practice Really Matter?

Since education creates positive externalities that fuel economic growth, understanding how to develop expertise through human capital formation is crucial.

October 2, 2014

Marijuana Money Problems

Colorado's marijuana growers and dealers are wasting resources because banks and insurance companies will not act as their financial intermediaries.

September 30, 2014

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.