Whether looking at 21st century Uber in India or 19th century Singer sewing machine in Russia, globalization requires adjusting a business model.…
The Economic Side of Russian Vodka Consumption
Closely connected to tax revenue and civilian attitudes towards government, Russian vodka consumption was affected by economic incentives.…
Part 2: What To Do When More People Are Old
Facing an aging population and more entitlements, countries that are encouraging more births to expand the labor force might be creating a bigger problem.…
The Reason For Our Chocolate Problem
The chocolate deficit is a supply and demand story with weather and fungus problems on the supply side and demand up from developing nations.…
Weekly Roundup: From Vodka to Tax Dodgers
Our weekly roundup includes stories from everyday economics that relate to creative destruction, taxation, price floors, labor markets and entitlements.…
From Estonia: Cheap International Calls, Priceless Tweets
Estonia’s market economy resulted from eurozone membership, human capital and infrastructure development and fiscal discipline.…
What Refrigerators Can Tell Us About Global Markets
In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.…
Handy Ukraine Facts
When 2066 Americans were asked where Ukraine is located, as the dots on the following map show, the replies were rather scattered. While 16% of the respondents knew their geography, the rest were off …
Ukrainian Economics
Fewer bottles of kodrinskoie-sparkling will be served at Russian holiday celebrations. Declaring that Moldova’s exports no longer met its food quality standards, Russia has blocked Moldovan wine…
The Money Supply: The New Hundred Dollar Bill
Our story begins in 2010 when the United States announced that it would be issuing a state-of-the-art $100 bill. Designed to thwart counterfeiters, the new bill has 3-D interactive features. When you …