Our Weekly Roundup: From Dental Care to Haircuts

This week’s everyday economics stories include income elasticity of demand, positive externalities, GDP, economic indicators, human capital & entitlements.

The Unexpected Consequences of More Efficient Lighting

Like 19th century English coal, more efficient and cheap LED lights can mean people and businesses use it more because of the lower opportunity cost.

Energy Efficiency Surprises

Our Wednesday Environmental Issue: Trying to optimize energy efficiency, we might have unexpected results. First, where we live… Referring to an environmentally friendly community where he once lived, New Yorker writer David Owen described his 750 square foot dwelling. 77% of the households in his community did…

Unexpected Consequences From Fuel Economy

Hoping to cut costs at the pump and buy less foreign oil, President Obama said in his 2014 State of the Union address that medium and heavy duty vehicles would be the next target. A part of the CAFE mandate…