Social Media’s Hidden Cost

Ranging from individuals to the entire economy, the cost of social media generally and of Facebook specifically ripples in many directions.

When Baseball Umpires Should Not Pay Attention

Shown by home plate umpires, paying attention becomes easier when we use it less in the past or expect not to need it in the future.

Our Weekly Economic News Roundup: From Ride Sharing to Living Longer

Connecting economics, current events, and history, this week’s economic news roundup ranges from deciding who is rich to a prisoner’s dilemma.

Why We Need Ridesharing

To reduce emissions and wasted time, Uber and Lyft should encourage the ride sharing that will decrease traffic congestion.

A Congressional Debt Ceiling Game (Theory)

Looking at the game theory behind congressional debt ceiling negotiations, we see a classic example of the prisoner’s dilemma.

How the Middle Income Trap Could Ensnare China

Hoping to avoid the middle income trap, China is taking the less typical socialist route through their “common prosperity” policies.

Deciding Who Is Rich

With the Biden Administration taking us to a $400,000 threshold for higher taxes, deciding who is rich has become a legislative debate.

Our Weekly Economic News Roundup: From Grumpy Cat to Global Fertility

Connecting economics, current events, and history, this week’s economic news roundup ranges from a McDonald’s drive-thru to a fat bear.

Why McDonald’s Cares About a Speedy Drive-Thru

For drive-thru speed, McDonald’s believes that just 20 seconds can make a huge difference in taking customers away from competitors.

Why Fat Bear Week 2021 Is About More Than Hibernation

Seeing Otis, Holly, and 747 compete during Alaska’s Fat Bear Week reminds us of the impact of wilderness and development tradeoffs.