For Clarence the 75-year-old Galapagos tortoise, an extended visit to Moorpark College was going to be good. His mate had recently died and the College had an exotic animal training program. Clarence would benefit from the new temporary home while his…
Just like having the same weights and measures and money, when we all standardize our time with a soon-to-be-added leap second, our transaction costs drop.
Whether using a Scoville Heat Scale for chili peppers or DIST for the weight of a kilogram, markets need standardized weights and measures.
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.
