How Stock Markets Have Changed

Celebrating its 125th birthday, we can use the Dow Jones Industrial Average to see how the U.S. economy has changed

Downton Abbey Economics: Downstairs

Like a business affected by a structural change in the economy, the world was shifting downstairs at Downton Abbey. The “business” was run by Mr. Carson, the butler, and Mrs. Hughes, the head housekeeper, while Daisy, the scullery maid, was at…

Downton Abbey Economics: Upstairs

When Matthew Crawley, the new son-in-law investor/savior of Downton Abbey is invited to look at the books after handing over his inheritance to keep the financially sinking estate afloat, he discovers egregiously poor management. He also finds out that his…