Food and Entertainment

August 3, 2015

The Reason We Should Drive Around in Circles

As we improve our transportation infrastructure, the roundabout has become increasingly attractive because of safety, ease and cost.

July 30, 2015

Why Major League Baseball Has a C+ Gender Grade

Because the presence of women in Major League Baseball (MLB) management positions is very small, they have diminished their talented human capital supply.

July 15, 2015

Taylor Swift Gives Apple a Little Taste of Capitalism

By asking Apple to pay her and other artists when customers get their music for free displays Taylor Swift's understanding of the basics of capitalism.

May 3, 2015

Self-Signaling by Standing in Line

Whether you stand in long lines to self-signal or you hire someone to do the wait for you, your decision reflects tradeoffs that relate to time.

January 4, 2015

What a Blind Taste Test Showed About Beer

Behavioral economic ideas show that product differentiation and consumer preference are more from branding than the taste of colas or beers.

December 31, 2014

Alcohol, Marijuana or Tobacco: Which is Most Harmful?

When government miscalculates the negative externalities of substances like marijuana and alcohol, they waste land, labor, capital, time and money.

November 7, 2014

Four Ways to Understand Marijuana Demand

With an increasing number of states legalizing marijuana, demand is shifting because of changes in utility, complementary products and the number of buyers.

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.

August 15, 2014

How Music Can Empower You

Like athletes use music before competing, so too can we energize our human capital at work with music that empowers us physiologically and psychologically.

June 13, 2014

What Golf in China Shows About Economic Development

On a ladder of spending in developing economies, growing affluence first means wheat and meat. Then, climbing somewhat higher, people can afford consumer durables like a washing machine and […]