Our everyday economics includes scarcity, tradeoffs, cost, sustainability, hyperinflation, gender issues, externalities, African development, human capital.
Called potty parity, equal access to public restrooms for women and men is a gender issue that creates negative externalities for women at work and leisure.
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 …
A big part of the shadow economy, the tax evasion in Greece that prevails among the self-employed substantially ups the deficit and distorts fiscal policy.
Decisions that relate to standardizing clock time and solar time, and global time zones create commercial negative and positive externalities.
Our everyday economics include globalization, opportunity cost, inflation, employment, monetary policy, negative externalities, recession, business cycle.
When government miscalculates the negative externalities of substances like marijuana and alcohol, they waste land, labor, capital, time and money.
Our everyday economics include consumption expenditures, Pigovian taxes, variable pricing,economies of scale, unskilled labor, national income and the money supply.
While the BMJ has some fun with a study of disappearing waiting room magazines, an economist could use the tragedy of the commons to explain why.