What an Economist Would Buy at the Salad Bar

We could say that we are looking at salad bar economics when we compare the price per pound at the salad bar to the produce aisle.

The Easiest Way to Keep a New Year’s Resolution

Combining our “wants”and “shoulds” into temptation bundling, we wind up with a commitment device that helps us keep our New Year’s resolutions.

Is Happiness a Good Reason to Host the Olympics?

Not nearly an economic bonanza, the cost to host the Olympics is considerable while the benefit to host is happiness. Is it worth it?

The Bendy Banana and Other Brexit Issues

Referring to EU regulation, some people say that bendy bananas are one reason to vote “leave” in today’s Brexit vote. Where are we going? To thoughts about regulation and markets. EU Regulation Myths The U.K. media have so delighted in exaggerating or misstating EU…

The Choices That Elevators Make

Assume that you are on the seventh floor waiting for one of three elevators. Car 1 can arrive in 15 seconds but the total wait time will be 25 seconds because it has a stop on the eighth floor. Closer, Car 2 is 10 seconds…

Amtrak’s Freight Train Problem

When fast-moving Amtrak trains and slower freight carriers share the same track, we have a railroad transportation problem.

The Cost of a Single-Payer Healthcare Plan

A single-payer healthcare plan, Taiwan’s National Healthcare Insurance is a good example of the cost and benefit of government healthcare control.

The Cost of a Single-Payer Healthcare Plan

A single-payer healthcare plan, Taiwan’s National Healthcare Insurance is a good example of the cost and benefit of government healthcare control.

Weekly Roundup: From Warren Buffett’s Bet to McDonald’s Hamburgers

Our weekly roundup includes productivity and a hamburger assembly line, financial intermediaries and index funds, soda tax incentives and the GMI.

Why Daylight Saving Time Could Be Dangerous

While daylight saving time has costs that relate to auto safety, productivity and energy conservation, its benefits involve less crime and more exercise.