What a Traffic Light Can Surprisingly Signal

Called laissez-faire, Adam Smith’s prescription for less government in the economy relates to an island with no traffic lights.

Why We Worry About the World’s Faster Roads

Decomposing development, researchers tell us that less road safety can constrain a middle income country’s economic growth.

A Global Look at Spending and Taxes

Comparing national spending and taxes in the United States to other similar countries, we see big differences.

Where (and When) Do Women Earn More?

Whereas a Pew report says that young women’s gender pay gap has disappeared in 22 metropolitan areas, the whole story is not quite as good.

What We Can Learn From a Nail

We can see how a small commodity can tell a big story when we look at what nail price history illuminates in the factory and beyond it.

Where Dog Walking Takes Us

When we look at dog walking economics, we can see many of the market characteristics that Adam Smith cited long ago.

Edison, Tesla, and the History of General Electric

Looking back and looking forward, we can say that General Electric history has been touched by Nikola Tesla.

When We Don’t Need Traffic Lights

Having recently driven in Manhattan (NYC) and now on Nantucket (an island located 30 miles from the coast of Massachusetts), I’ve been pondering the difference a traffic light can make. In NYC, the traffic lights are constant signals from government.…

Why We Have a Chores Gap

Especially evident during pandemic lockdowns, at home we have a chores gap that determines who does the housework.

Why You Should Bet On a Vaccine

Giving us unbiased insight about the future, vaccine prediction markets can help us predict when the economy could return to normal.