The Mystery of the North Korean Economy

Looking at the North Korean economy, economists have to become detectives because the government refuses to share basic statistics.

Weekly Roundup: Matchmaking Mysteries to Garbage Privacy

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 swaths of NYC and the New York Stock Exchange suspended trading…