This week’s stories on everyday economics include baby boomer dependency ratios, disposable income, human capital, the price system, the money supply and the iPhone 6 supply chain.
1999 might have been Derek Jeter’s best season. Twenty-five years old, he had 219 hits, 24 home runs and 102 RBIs. His batting average was .349. You can see below that .349 was Derek Jeter’s career high with the Yankees. The…
Our weekly roundup includes stories from everyday economics that relate to the market, the minimum wage, the price system and productivity & human capital.
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.
An Econlife roundup for the week 7.06.14 The tough part of cutting federal spending…more 7.07.14 When a village in India got a new road, surprising economic changes quickly unfolded…more 7.08.14 Who ever thought that a reclining chair could resuscitate…
I just took a relative to a local hospital’s emergency room. Like Atul Gawande described in his book, The Checklist Manifesto, a nurse first noted “four physiological data points–body temperature, pulse, blood pressure, respiratory rate.” Had we been in that hospital 50 years ago, the…
My new Starbucks has a drive-through. If you look at a high shelf near the window through which the baristas hand the coffee and food to drivers, you see a screen with little cars and numbers. Changing from green to yellow…
Occasionally, I have asked the UPS man who is always so gracious to wait a moment at my front door while I go to the kitchen. Taking a minute or so, I grab an apple for him. In a Planet Money interview,…
Our Wednesday Environment Focus By Madeleine Vance, guest blogger and student at Kent Place School The “scrap” business is a lot more than just scrap. Once you drop your empty soda can into the recycling bin, it could even be…
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Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
