How a (Resource) Curse Created a Chicken Shortage

Shown by Nigeria’s chicken shortage, a country’s oil wealth can become a resource curse when it prevents an economy from diversifying.

Why Superstars Dominate the Billboard Hot 100 Chart

For 60 years, Billboard, every week, has ranked the best music. Using sales, radio play, and now streaming, they tell us what we like the most. Recently though, there’s been a fundamental change. Where are we going? First to Drake…

Weekly Roundup: From Super Bowl Spending to Puerto Rican Subsidies

This week’s economic news summary includes disputes about Kobe Bryant and intellectual property, Puerto Rican and Super Bowl subsidies, and deficit worries.

Super Bowl 50 Spending

According to sports economists Victor Matheson and Robert Baade, the Super Bowl 50 economic impact is much less than what politicians project.

The Natural Resource Curse: Detroit?

Displaying all municipalities that filed for Chapter 9 bankruptcy protection since 2010, this map shows cities, towns and counties in red (8) and utility authorities and other municipalities in black (28). With Detroit’s filing  most recent, this May 13 post…

Crowding Out or In?

In their textbooks, economists typically refer to