Wide enough for huge container ships, the newly expanded Panama Canal will boost global trade and production.
Like factory quotas, snake bounties, or college ranking, sometimes incentives can create unintended consequences.
Related to universal supply side incentives, Uber’s driver shortages display the power of the higher prices that motivate producers.
Echoing what happened during the 1950s, banana problems with a spreading fungus mean we will again need a new kind of banana.
Logo changes from corporations and government agencies convey a message about branding and product differentiation.
Based on the six hidden rules of ownership, from Netflix passwords to airplane seats, what we don’t know we own shapes our behavior.
By suspending the SAT and ACT, Ivy League colleges diminished transaction costs and made it easier to apply.