Connecting economics, current events, and history, our Weekly Economic News Roundup includes counterfeit cash, digital music, and village revenue.
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A Closer Look at the Digitization in Our Lives
Recorded music used to start with a label and an artist. The production process was expensive because of the skilled technicians and the sophisticated equipment. Add to that a music video, the physical album, the distribution process, and what do…
When Garbage Is More Than Trash
Our story starts in a college dining room when students said the mayonnaise did not taste right. It turns out that a shipment of mayonnaise to Michigan State University had frozen. Yes, you could eat the mayo (I checked). It just…
What a $450 Million Price Tag Tells Us
On November 15, Leonardo da Vinci’s Salvator Mundi sold for $450.3 million ($400 million plus fees). The auction lasted 19 minutes. Salvator Mundi: Where are we going? To the message from the price. Where to Ship When you are dealing…
Everything You Never Knew About the Sandwich
The Earl of Sandwich might have created the first slab of beef on two slices of bread because he wanted to eat at his desk (at the Admiralty). As one theory goes, he was hungry. Since waiting for his main…
Weekly Economic News Roundup: From Smaller Cities to Bigger Tips
Weekly Roundup Sunday 11.19.17 The costly side of free coupons… Monday 11.20.17 Deciding who pays taxes and tickets……
The Shrinking Cities Problem
An idyllic mountain village wants you. The town has one shop, a church, houses that have been there forever, and a population that has shrunk to 240. It is located in the Swiss Alps. Albinen’s plusses include clean air, magnificent views, and…
Econlife Quiz (2017): Do You Know Your Thanksgiving Economics?
Having tired of talking turkey at your Thanksgiving dinner, you could give everyone the latest econlife quiz: Do You Know Your Thanksgiving Economics?
Thanksgiving Top Ten List For 2017
Looking at our Thanksgiving meal through a turkey top ten list, you can see how economics is about so much more than money.
How Our Tipping Behavior is Changing
When we last looked at tipping, we said that it was a way to impress people (like Seinfeld’s George, below). Also we might be expressing altruism or just saying thank you for good service. But beyond all of the basics, our…