The Florida citrus industry and especially the grapefruit market have demand and supply problems that incentivize structural adjustment with new crops.
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.
Our everyday economics includes property rights, sovereign debt, default,, externalities, regulation, Pigovian taxes, incentive, state taxes, and oligopoly.
This week’s everyday economics include competition, oligopoly, marginal cost and benefit, GDP growth, unemployment, supply and demand, OPEC, redistribution.
This week’s everyday economics stories included spillover, externalities, incentive, opportunity cost, sovereign debt, demand and financial intermediaries.
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.”
Central planning through large firms could not replace the consistency and environmental benefits of a zabaleen system for trash removal In Cairo, Egypt.
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.
