land labor and capital

December 31, 2014
Everyday economics and the cost of curing diseases
Published by Elaine Schwartz at December 31, 2014
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Alcohol, Marijuana or Tobacco: Which is Most Harmful?

When government miscalculates the negative externalities of substances like marijuana and alcohol, they waste land, labor, capital, time and money.

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August 31, 2014
A NASA satellite image of the world's night lights conveys economic information about developed and developing countries.
Published by Elaine Schwartz at August 31, 2014
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Bedtime Stories… About the Economy.

From statistics and a satellite image of the world at night, we can see that developing countries lack the electrification they need for economic growth.

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August 27, 2014
Everyday Economics: With opportunity cost, planners can decide how much natural disaster preparation is worth the tradeoff.
Published by Elaine Schwartz at August 27, 2014
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The Costs of Being Prepared for a Natural Disaster

Whereas natural disaster preparation can save lives, it might have too high an opportunity cost to make sense or be a ShakeAlert that has been proven.

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May 20, 2014
Technological innovation might have slowed but we could be due for a spurt.
Published by Elaine Schwartz at May 20, 2014
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Production Possibility Frontiers: Entering (and Exiting) a Discovery Void

After technological innovation multiplies, might the pace of discovery slow down? Think of the history of antibiotics. Starting with the Sulfa drugs that were first discovered during […]

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