The Most Expensive Way to Make a Chicken Sandwich

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.

The Restaurant That Lets You Pay What You Want

When “pay what you want” is used to determine restaurant prices, it creates incentives for consumers on the demand side that typically eliminates profit.

Weekly Roundup: From Skyscraper Shadows to Trendy Foods

This week’s everyday economics includes property rights, trade, creative destruction, entitlements, tradeoffs, conservation, externalities, price, and markets.

Why We Need Trophy Hunting

Expensive trophy hunting packages demonstrate how the price system gives a value to animals that helps to preserve them.

Weekly Roundup: Matchmaking Mysteries to Garbage Privacy

Our everyday economics includes productivity, markets, prices, externalities, social norms, distribution, scarcity, environment, regulation, monetary union.

Airline Pricing Mysteries

Left to fluctuate freely, a price can tell us information about social norms, efficiency, technology, incentives, quality and supply and demand.

What We Can Learn from Venezuelan Inflation

Shortages, long lines, and panic buying are several ways that hyperinflation is creating chaos for local and foreign firms and consumers in Venezuela.

Weekly Roundup: From Good Voices to Bad Marriages

Our everyday economics includes GDP, human capital, price system, public goods, taxes, gender pay gap, externalities, subsidies, marriage economics and ROI.

How To Price a Nobel Prize

Shown by auctions of Nobel prize medals from recipients like Simon Kuznets and James Watson, through markets, the price system conveys information.

Weekly Roundup: From Drinking Behavior to Dating Decisions

This week’s everyday economics involved 6 economists and such ideas as product differentiation, behavioral economics, marginal utility, price and trade.