The Armyworm Attacks in Zambia

Micro-insurance that protects African farmers from infestations and drought can have a surprising impact on their willingness to invest.

Weekly Roundup: From Data Spies to Ivory Trackers

Our economic news summary ranges from elasticity and a Berkeley soda tax to the minimum wage and the cost of living, to the power of the market and ivory.

Weekly Roundup: From Nibbling Nachos to Sipping Starbucks

Our everyday economics includes risk, externalities, purchasing power, complementary goods, capitalism, money supply, human capital, and innovation.

The Cost of a Parmesan Catastrophe

The cost of a natural disaster tends to be higher in dollars in developed nations and in victims in the developing world.

Weekly Roundup: From Thirsty Almonds to Potent Alcohol

Our everyday economics includes human capital, incentives, behavioral economics, cost and benefit, exports, tradeoffs, inequality, risk,markets, and income.

Pop Music’s Risk Takers

The popular music industry is a risk based culture in which addictive substances touring, irregular hours and stress create high mortality rates.

Unintended Consequences: Cholesterol, Cars and Unemployment

Statins, seat belts and unemployment benefits reduce some of life’s risks. Yes? Not always… Told that statin medication would diminish high cholesterol, some people eat more cheese, more ice cream, more steak. The result? Less healthy diets. Knowing that seat…

Behavioral Economics: When Do We Minimize Risk?

With Election Economics having concluded, for the next 4 weeks, Monday posts will focus on topics that relate to behavioral economics. Let’s start with Hurricane Sandy and my own NJ neighborhood. Really though, we will be looking at how many of…

Hedging Health Risks, Hedgehog Style

By Mira Korber, guest blogger. Oppressive fluorescent lights, the antiseptic squeak of rubber soles on linoleum, and the omnipresent pulse of machines envelop you at the hospital. You’re anxiously awaiting the results of surgery on your beloved family member. Her…

Should Supreme Court Justices Know Economics?

Just some thoughts today about economics and the Supreme Court. Listening to Tuesday’s oral arguments,  I became concerned about some economic basics. Markets and insurance were key ideas. However, no one defined a market and insurance was initially mischaracterized. In…