Our everyday economics includes productivity, markets, prices, externalities, social norms, distribution, scarcity, environment, regulation, monetary union.…
Why a Hungry Country Might Have Enough Food
Focusing on production and distribution, economists look at the role of markets and of government when they try to determine what causes and ends famines.…
The Economics of Natural Disasters
With Hurricane Sandy having just blown through my NJ neighborhood, our streets are covered with wires, leaves, branches and several huge trees. During the storm, Consolidated Edison darkened large swa…