Learn With Elaine: What We Don’t Know We Own

Based on the six hidden rules of ownership, from Netflix passwords to airplane seats, what we don’t know we own shapes our behavior.

Learn With Elaine: How Covid Changed College Applications

By suspending the SAT and ACT, Ivy League colleges diminished transaction costs and made it easier to apply.

Learn With Elaine: How Transparency Transformed Food Shopping

When the development of cellophane let us have self-service food shopping for meat and produce, it started a retailing revolution that economists call creative destruction.

Econlife Quiz: Friends

With Netflix streaming 236 episodes of Friends, the econlife team decided to look at the money, the meals and the markets in our latest econlife quiz.

Econlife Quiz: The Economics of U.S. Presidential Inaugurations

One week ago, America witnessed the Inauguration of Donald Trump, the 45th President of the United States. From million dollar donors to glitzy ball gowns, no doubt a U.S. Presidential Inauguration has become both a historic and spectacular occasion. The…

Econlife Quiz: Do You Know Your Thanksgiving Economics?

Having tired of talking turkey at your Thanksgiving dinner, you could give everyone the latest econlife quiz.  Enjoy! Do You Know Your Thanksgiving Economics? Take the econlife quiz to see whether you know the economics behind the great American holiday,…

Econlife Quiz: Do You Know Your U.S. Presidential Election Economics?

It’s always handy to sound like you know your economics. So, after taking the econlife U.S. Presidential Election Economics Quiz (below), based on the third and final debate, see if you need the following top ten list: Whatever the question,…