The Brexit impact could include McDonald’s Big Macs if the United Kingdom winds up with tariffs on cheddar cheese from Ireland.
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Should Norway Pull the (Electric Vehicle) Plug?
Norway is debating the “Tesla tax.” Targeting all heavy electric cars, the tax increase for some Tesla models could be massive: Even more broadly though, Norway is deciding when and if to diminish electric vehicle (EV) subsidies. Irresistible Incentives Norway…
The Economics of the Pumpkin Slingshot
For the next bite of a doughnut or the next try at a pumpkin slingshot, economist Alfred Marshall’s marginal analysis helps you decide whether to say yes.
Weekly Economic News Roundup: From Bad Research to Good Health
Connecting economics, current events and history, our Weekly Economic News Roundup includes middle class meanings, tomato controversies, and the 1987 crash.
Connecting a Good Economy to Bad Health
It makes sense to assume that when the economy is better, we feel better, We should have less illness and live longer. Correspondingly, in a sick economy, we too feel sicker. Not necessarily. A Recession’s Mortality Impact One study of European…
The iPod, Starbucks, and Richard Thaler’s Behavioral Economics
Discussing the iPod he designed, Tony Fadell expressed his frustration with products that said “charge before use.” He remembered arriving home excited about a newly purchased gadget. But then his emotional momentum would hit a wall when he discovered he…
Remembering the 1987 Crash
On Black Monday, 30 years ago, the stock market plunged 508 points. At 22.6%, the dive was the worst ever in exchange history. Today, a 5,100 point drop in the Dow would have been an equivalent decline. So yes, we…
Deciding Who Is Middle Class and Who Is Rich
According to President Trump and most other politicians, tax reform will be “a middle class bill.” However, ask people what they mean by the middle class and it becomes a mystery. In one Congressional Research Service report, they even say…
Why China’s Scientists Got the Wrong Message
In 2016 it appeared that China had become a research powerhouse. In 2017 they discovered a problem. This is the story of how incentives can have unintended consequences. Chinese R&D In 2016, the numbers told a phenomenal story. China was…
Weekly Economic News Roundup: From Solar Power to Driving Power
Weekly Roundup Sunday 10.08.17 Why we need more sleep… Monday 10.09.17 Puerto Rico’s Elon Musk solution… Tuesday 10.10.17 The nudge that won the Nobel… Wednesday 10.11.17 Where the banana is like a dinosaur… Thursday 10.12.17 The power…