Our weekly economics news summary included the yuan and foreign exchange, Google and branding, parental leave and incentives, and choosing your own price.
When “pay what you want” is used to determine restaurant prices, it creates incentives for consumers on the demand side that typically eliminates profit.
Seeing government’s inefficiencies through a driver’s license renewal process reminds us to recognize the tradeoffs from creating public goods and services.
Having just enjoyed several weeks in Paris, a friend of mine returned to the US with huge applause for the French health care system. Several days later, she was delighted to see Robert Frank’s NY Times column, “What Sweden Can…
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
