Our everyday economics includes behavioral economics, GDP, demand & supply, inflation, tradeoffs, markets, consumer spending, environment, and regulation.
Weekly Roundup: From Thirsty Almonds to Potent Alcohol
Our everyday economics includes human capital, incentives, behavioral economics, cost and benefit, exports, tradeoffs, inequality, risk,markets, and income.
How the World’s Most-Consumed Liquor Changed the Corn Market
Because of supply and demand in the U.S. and the world, U.S. farmers are planting less corn and more soybeans and sorghum.
A Renewing My License Story
Seeing government’s inefficiencies through a driver’s license renewal process reminds us to recognize the tradeoffs from creating public goods and services.
The Reason For Our Chocolate Problem
The chocolate deficit is a supply and demand story with weather and fungus problems on the supply side and demand up from developing nations.
The Unintended Consequences of Banning Ivory Sales
New US ivory regulations have had unintended consequences. During November 2013, the US government “pulverized” nearly 6 tons of elephant ivory from Asia and Africa. Intending to send a message to elephant poachers, the Fish and Wildlife Service destroyed ivory that…