The Basics of the Pandemic Recession

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.

Weekly Roundup: From Bag Fees to Ambulance Meters

Weekly News Roundup Sunday 04.24.16 The incredible impact of self-driving cars…more Monday 04.25.16 The significance of a new skyscraper…more Tuesday 04.26.16 The benefits of bag fees…more Wednesday 04.27.16 The travels of a coffee bean…more   Thursday 04.28.16 Where health care is cheaper…more Friday 04.29.16 Why…

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.

Unusual Economic Indicators

If you see women in long skirts at “sit-down” restaurants, then the economy is probably expanding. Since 1926 when the hemline index was first expressed, economists have assumed that hemlines fall if the economy contracts and rise during prosperity. However,…