How Algorithms Change Gasoline Prices

Looking at gasoline prices that are controlled by algorithms, we could be surprised by how they affect competition.

Why Champagne Is Like OPEC

With champagne sales plunging because of pandemic lockdowns, growers and Houses like LVMH are behaving somewhat like OPEC.

Why Water Is a Worry

Looking at Cape Town, South Africa and 12 U.S. cities we can see why the basic water tradeoff involves a choice between conservation and affordability.

A Simple Look at the World’s Most Complex Economies

To its detriment, the U.S. might have insufficiently recognized the impact of China’s economic complexity in the U.S. China trade deal.

What Presidents Added to Thanksgiving Economics

From George Washington to Abraham Lincoln and Franklin Roosevelt to George H.W. Bush, U.S. presidents have influenced Thanksgiving economics.

Why Trade Is Good

Knowing that the benefits of free trade can be invisible, we can use a list of six brief reasons to actually see why trade is good.

Astronomically Different Prices for an Apollo 11 Videotape

Sold twice at auctions, the two prices of the Apollo 11 videotapes were astronomically different because of changes in demand and supply.

Why Did the Pedestrian Cross the Road?

In NYC and in Nantucket, Massachusetts, drivers respond to different incentives because Manhattan has traffic lights while Nantucket does not.

What We Mean by Socialism

Knowing the different meanings of socialism and capitalism can help us better understand what we and presidential candidates support.

How We Spend Our Money

By looking at one hundred years of consumer spending history, we can see how our food, housing, and clothing reflected our growing affluence.