A Lesson From a Grapefruit

The Florida citrus industry and especially the grapefruit market have demand and supply problems that incentivize structural adjustment with new crops.

When Your Ability to Pay Determines Your Punishment

In Finland, for some traffic violations, the rich have higher fines than those with less because of day fines that are similar to progressive taxation.

Weekly Roundup: From Raisins to BBQ

Our everyday economics includes property rights, sovereign debt, default,, externalities, regulation, Pigovian taxes, incentive, state taxes, and oligopoly.

Two Reasons For Moving to Alaska

Creating different incentives, the variety among state taxes includes some with no income tax, others with sales taxes and some with severance taxes.

How the World’s Most-Consumed Liquor Changed the Corn Market

Because of supply and demand in the U.S. and the world, U.S. farmers are planting less corn and more soybeans and sorghum.

Weekly Roundup: From Turkey to Buffalo

This week’s everyday economics include competition, oligopoly, marginal cost and benefit, GDP growth, unemployment, supply and demand, OPEC, redistribution.

Why OPEC is Not as Powerful as You Think

The power of OPEC as a cartel that controls oil prices through quotas on its members might be a myth.

Our Weekly Roundup: From Being Cool to Being a Wise Investor

This week’s everyday economics stories included spillover, externalities, incentive, opportunity cost, sovereign debt, demand and financial intermediaries.

The Unintended Consequences of Daylight Saving Time

We should cancel daylight saving time because studies show that the opportunity cost of energy use has changed since Ben Franklin suggested “early to rise.”

Why Government Cannot Trash Waste Management

Central planning through large firms could not replace the consistency and environmental benefits of a zabaleen system for trash removal In Cairo, Egypt.