For the next bite of a doughnut or the next try at a pumpkin slingshot, economist Alfred Marshall’s marginal analysis helps you decide whether to say yes.
How Much Healthcare?
When the Netherlands pays for a mother’s first week at home after child birth, we get a message about their healthcare coverage.
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.
The Diner’s Dilemma: Should You Divide the Check Equally With Friends?
Like the tragedy of the commons, splitting a bill among friends at a restaurant involves an individual’s marginal benefit and the group’s marginal cost.
Weekly Roundup: From Robot Servers to Shrimp Farmers
Our everyday economics includes wages, externalities, productivity, income, tradeoff, taxes, fiscal policy, gender, human capital and comparative advantage.
Why Ronald McRobot Will Soon Serve Us
A minimum wage hike causes labor intensive fast food restaurants to exit the market, capital intensive restaurants to enter and the number of jobs to drop.
A New Message From Starbucks
Worried about losing sales to upscale brands, Starbucks is using competitive strategies to increase demand from affluent customers.
Weekly Roundup: From Fed Humor to the Wisdom of Warren Buffett
Our Posts Roundup Sunday 3.01.15 Handy notes from Warren Buffett…more Monday 3.02.15 The basics of Greek tax evasion…more Tuesday 3.03.15 Insight about airline queues…more Wednesday 3.04.15 Why we subsidize Brazilian farmers…more Thursday 3.05.15 What an ATM can teach us…more …