Calming the everyday monetary chaos created by Venezuela’s hyperinflation is about much more than lopping zeros off its currency.…
What’s Trending
What’s trending in economics at both the macro and micro levels.
Why Aretha Franklin Should Have Earned More From “Respect”
Looking at who did not pay Aretha Franklin for “Respect,” we can see why music copyright law is being rewritten by the Congress.…
Why Urban Farmers Plant Their Crops in Garages
Using old containers from cargo ships, commercial urban farmers are growing hydroponic mini-lettuces and even strawberries in warehouses and garages.…
Why Driving is Safer in Sweden
An economist might say that the optimal number of traffic fatalities depends on the cost of preventing them. Sweden disagrees. Compared to most other countries, Sweden’s road safety is tops: In …
A Surprising Way to Cut Healthcare Costs
Assume for a moment you are in a doctor’s office observing an examination. A 70-year old male patient enters pulling an oxygen tank and wearing a baseball cap. Because the doctor has been seeing…
The Jobs That Women Don’t Do
One of the original Rosie the Riveters was just in the news. Now 98 years old, Elinor Otto visited the San Diego aircraft plant where she first picked up her riveting gun during World War II. At the D…
Disrupting the Movie Industry
With many of us rarely going to a theater, we can see why movie attendance is down and the chance for industry disruption is up.…
Upsetting Uber’s Economics
Legislation from the New York City Council will upset Uber economics when it limits the number of new ride-hailing vehicle licenses.…
Our Weekly Economic News Roundup: From Marijuana to Pumpkin Spice Lattes
Connecting economics, current events, and history, our weekly economic news roundup ranges from a quota’s complexities to how we spend and Social Security.…
Why We Want a Starbucks Pumpkin Spice Latte
The reason that we cannot resist limited edition drinks like a Starbucks Pumpkin Spice Latte is diminishing marginal utility.…