Using economic analysis, the top ten reasons for eating turkey on Thanksgiving include substitute and complementary goods, utility and opportunity cost.
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A Bigger (Thanksgiving) Pie or Equal Slices?
Increasing income inequality by moving from communal farming to individual plots, Plymouth Colony Governor William Bradford changed income redistribution.
Our Weekly Roundup: From Free Music to Cheap Oil
This week’s everyday economics involves opportunity cost, regulation, behavioral economics, GDP, automation, innovation, supply and demand and productivity.
How to Become More Productive
Shown by Fitbits, workplace output goals and division of labor, when implicit and explicit targets increase self-control, they boost productivity.
Ice Cold Economics
By Isabelle Vicens with Elaine Schwartz [View the story “The Economics of a Winter Wonderland” on Storify]
Our Weekly Roundup: From Bank Regulation to Water Taxation
This week’s everyday economics stories included minimum wage, price floors, cost-benefit analysis, behavioral economics, financial regulation and public goods.
Should Water Be Free?
Although protestors in Detroit and Ireland say water is a human right, economists, citing a definition of a public good and a tornado alarm, would disagree.
The Difference That a Sticker Makes
Because “I Voted” stickers indicate voting is a social norm, like paying taxes or saving electricity, people are more likely to act like their neighbors.
Our Weekly Roundup: From Being Cool to Being a Wise Investor
This week’s everyday economics stories included spillover, externalities, incentive, opportunity cost, sovereign debt, demand and financial intermediaries.
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.