economic news roundup and contracts
The Market System
A Closer Look at the World’s Top and Bottom Laissez-Faire Countries

Looking closely at the Index of Economic Freedom, we can see where property rights help to boost market activity.

Weekly Economic News Roundup and AI people
Regulatory Policy
The AI People We Know

Thinking of a Microsoft patent, we can ask if we want AI people with specific personalities that can converse with us.

Weekly Economic News Roundup and password sharing
Regulatory Policy
How Password Sharing Is Similar to (Airplane Seat) Recline Rage

Many of us share Netflix passwords. We think it is okay to recline in our airplane seat. And we would be horrified if someone casually took the groceries out of our cart at the checkout. All three situations are similar.…

Mars space flights
What's Trending
Why Now Is the Perfect Moment for a Mars Mission

Although three missions are scheduled to depart for Mars during the next several weeks, we have not yet established who owns outer space property.

Economic News Roundup and private property rights
The Market System
The Mystery of the Artless Heist

When the ownership rights of a $3.1 million John Constable painting are unclear, no one can buy or sell, display, or conserve it.

Weekly Economic News Roundup and airlines' seat size
Economic Thinkers
The Pitch That’s An Airline Problem

When you think about shrinking airline seats, you could consider pitch and width, but really the problem is all about property rights.

car big data
Economic History
The Economy Where Black is Banned

Like Turkmenistan and Zimbabwe, wherever property rights are unpredictable, we can assume that we have a command economy.

Weekly economic news roundup and property rights for outer space
Regulatory Policy
Why Meteorite Ownership Matters

While it can be tough to decide who owns a meteorite, in China and the U.S., those “intergalactic” property rights matter since they determine who profits.

The econlife.com Weekly Roundup
Weekly Roundup
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.

Business
It’s Time for Outer Space Lawyers

Now that the technology will soon exist to mine asteroids and profit from them, property rights in outer space have become a relevant legal issue.

econlife®

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.

Translate
Elaine’s New Book
Econlife-101-1-2-The-Foundation

Connecting
economics with
everyday life.

Sign­up for your daily slice of
econlife®.

Thank you for subscribing.

Something went wrong.