In a circular flow model of our market economy, the outer loop represents the money that moves around the economy while the inner circle takes us to the goods and services that those dollars pay for: Imagining a Starbucks…
Why a Normal Recession Would Be Nice
As a pandemic, COVID-19 could have an impact that is more similar to a macroeconomic disaster than typical normal recessions.
When Not to Build a Super Tall Skyscraper
From the Chrysler Building in NYC to Taipei 101 in Taiwan, the timing of super tall skyscraper construction provides clues about business cycles.
Weekly Roundup: From Milkmen to Menus
This week’s stories on everyday economics include competitive market structures, business cycles, saving, conspicuous consumption and economic indicators.