International Trade

September 13, 2015

Part 1: The Trap That China Wants to Avoid

Currently slowing down, China's economic growth might be challenged by the middle income trap that has caught Brazil but not Taiwan or Malaysia.

September 1, 2015

What Our Food Says About Us

Because middling food like hamburgers is consumed by most people in the affluent West, what we eat does not necessarily reflect inequality or social status.

August 25, 2015

Using a Fat Tail to Describe Stock Market Risk

When the unexpected occurs and changes our view of stock market risk, we call it a black swan or fat tail because it is far from the mean of a bell curve.

July 24, 2015

The Real Eurozone Problem

Although people in the eurozone want a single currency and their leaders want unity, monetary union problems create political distrust and disunity.

June 5, 2015

A Poaching Problem that Regulation Hasn’t Solved

The market solutions and regulatory approaches used to solve the problem of elephant poaching have not worked for wildlife conservation in Africa.

April 22, 2015

Four Ways to Understand Greek Debt

An historical perspective and a look at what is owed, to whom and when provides insight about the culture and complexities of Greek sovereign debt.

March 27, 2015

The Dangerous Side of Economics

Because he revised his country's inaccurate deficit and received Eurostat approval, Greece's chief statistician might be prosecuted for "breach of faith."

December 28, 2014

Why the Metric Switch is so Tough

The expense and complexities of switching to the metric system have prevented the change, and have affected how standard weights and measures help globalization.

November 30, 2014

Three Graphs That Tell the Whole Oil Story

Following the law of supply, U.S. shale oil firms will lower output because OPEC is letting price plummet but airlines on demand side like lower prices.

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.

September 24, 2014

What Do iPhones and Pencils Have in Common?

Whether looking at the supply chain for a pencil or an iPhone 6, we see globalization because price system incentives create cooperation.

August 28, 2014

The Path of the Shifting Center of Global Economic Power

Led by Chinese economic growth and other emerging markets, the center of economic gravity is moving eastward from the developed world to Asia.