Video Game Economics

Sometimes a virtual world can show us some economic reality. Here is the story: There once was a Greek economist who, for many years, happily wrote papers and taught classes, in (he said) his “a…

The US Drought and Pizza

Discussing the impact of this summer’s drought on pizza, Stephen Colbert said, “It is one thing for global warming to make the sea levels rise but nobody told me it could make my cheese le…

The Oreo Centennial

Next year, we can celebrate Oreo’s 100th birthday. First sold in 1912, Oreos have been priced at: 1922: 32 cents/lb. 1934: 27 cents/lb. 1960: 45 cents/lb. 1991: $2.39/lb. 2008: $4.29/18oz. 2011:…

Ben Franklin's Turkey

The bald eagle is our national bird but, according to Ben Franklin, the turkey should have been. In a letter to his daughter, he explains why. “True original natives,” turkeys are American…

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