How Password Sharing Is Similar to (Airplane Seat) Recline Rage

Many of us share Netflix passwords. We think it is okay to recline in our airplane seat. And we would be horrified if someone casually took the groceries out of our cart at the checkout. All three situations are similar.…

The Economic Side of a License Plate

Long ago, someone figured out that we needed a license plate as an identifier. In New York State, between 1901 and 1909, drivers made their own from felt, leather, or metal. The first NYS plates had people’s initials:   Once…

Why the World Needs One Time

Last night, at 12 a.m., Daylight Saving Time (DST) began when our clocks moved forward an hour. Whereas I would have seen the sunrise at 6:11 in New Jersey, instead, it’s at 7:11. Correspondingly, sunset switched from 6:02 on March…

Checking on China: Phase One of the Trade Deal

Looking at the Peterson Institute’s 2020 numbers for the first phase of the US-China Trade Deal, we can see if the agreement is working.

The Unexpected Cost of a Pistachio Nut

A small city in California is dealing with a big dilemma. Ridgecrest is the home of thriving pistachio farmers. The city also depends on a nearby U.S. Navy base for most of its tax revenue. They both need a lot…

Where Mount Everest Economics Take Us

Whether looking at its newfound height, the traffic jams, or the role of Nepal, Mount Everest always takes us to the margin.

When a Scotch Egg Is Like an Apple (iPad)

Sometimes regulatory incentives can have consequences that make a Scotch egg in the U.K. and an Apple iPad in the U.S. similar.

Why It’s Tough To Eat Less (Real) Chocolate

When the fight against obesity comes down to a battle against chocolate consumption, winning will be tough.

How a Bottle of Wine Is Like a Delta Jet

The 2019 Trump Administration tariffs on wine from four targeted European countries and on Airbus airplanes distorted buyers’ behavior.

Office Paper, Pizza Boxes, and the Pandemic

The pandemic has created the incentive to recycle more (cheesy) pizza boxes because we are recycling less office paper.