Looking at climate change, most economists calculate cost and benfit instead of focusing on the unknown unknowns that could happen.…
What’s Trending
What’s trending in economics at both the macro and micro levels.
The Ripple of a No Deal Brexit
When we follow the trail of a no deal Brexit, the massive ripple of its impact ranges from intangible uncertainty to a real impact on business activity.…
What You Might Not Know About Debt
We might find some surprises when we look closely at categories of consumer debt that include credit cards, student and auto loans, and mortgages.…
Why We Should Buy Popcorn at the Movies
When you see why movie theater tickets are cheap and movie theater popcorn is so expensive, you might want to buy more popcorn.…
When To Speed Up Tennis
To minimize the negative externality that players like Rafael Nadal create, officials have tried speeding up tennis with a serve clock.…
How Healthcare Is Like Car Repair
To explain why healthcare costs are increasing, we can just look at Beethoven’s String Quartet #14 and Baumol’s Cost Disease.…
Why We Should Care About Economic Uncertainty
It is likely that the economic uncertainty created by changes in trade regulations will affect business investment, consumer spending, and the GDP.…
Why Trade Is Good
Knowing that the benefits of free trade can be invisible, we can use a list of six brief reasons to actually see why trade is good.…
How to Calculate the Cost of a Disaster
To determine the disaster cost of weather and climate events, the U.S. government has to decide what to include and how to assess the value.…
The Chicken Sandwich War That Popeyes and Chick-fil-A Started
A Maryland man tried to sell his Popeyes chicken sandwich for $100 through Facebook. He even offered to deliver it in the DC area for an extra $38.52. Because of the frenzy over the sandwich, he might…