While superstition tells us that babies born during the Year of the Dragon will have more success and power, economists look at human capital investment.
Our story starts with one of the transistor’s inventors. According to a Wired article, William Shockley is the reason that Silicon Valley grows chips instead of apricots. Although Shockley Semiconductor failed, its employees created a local diaspora of techies. Similar…
This week’s economic news summary included unexpected insight from credit scores, the natural resource curse, and what the bacon cheeseburger can tell us.
Illustrated by the impact of cheap oil, the natural resource curse hits countries that have disproportionately focused economic activity on one industry.
In a chicken sandwich are ingredients from around the world that one person can create but the price system gathered them for us at the local supermarket.
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.
