Comparing Welfare in 13 Countries

Although the per capita GDP gap between two countries could appear large, the difference shrinks when you bring welfare into your calculations.

The Tipping Paradox

Disliked by many as discriminatory, inconvenient, and even embarrassing, tipping is a paradox because it refuses to disappear.

A New Kind of College Report Card

Barely recognized by U.S. News ranking, colleges where graduates achieve income mobility prove that the American Dream remains a viable goal.

How To Know You’re Sitting Next to a Billionaire

With globalization the source of the wealth of the super-rich, billionaire characteristics that relate to education can be surprising.

Weekly Roundup: From Songwriters to the Superrich

Our weekly roundup includes how productivity affects music industry writers, the surprising impact of cheap oil and how tech shapes what the superrich earn.

Why the Superrich Earn So Much

The reason that the superrich who are in finance, entertainment, and technology can earn much more than 19th century superstars is technology.

Weekly Roundup: From Chinese Cement to Bowie Bonds

This week’s economic news summary included David Bowie’s financial innovation, China’s GDP cement problems, inequality contradictions and farm productivity.

When Less is More

While positional goods create inequality, a closer look reveals that the impact can be negative or positive.

Weekly Roundup: From the Diner’s Dilemma to Lost Labor

This week’s economic news summary includes the diner’s dilemma and marginal analysis, property rights in outer space, the Phillip’s Curve and unemployment.

Finding the New Brooklyns

With Brooklyn becoming a synonym for gentrification, we can call cities like Detroit a new Brooklyn when they attract artists and affect a poor population.