The Story of a Very Expensive Signature

Since Button Gwinnett left behind few letters and documents, supply and demand made them valuable to collectors of Declaration of Independence Signers sets.

Weekly Roundup: From Pacesetters to Prices

Our everyday economics includes externalities, supply and demand, price maker, monopolistic competition, oligopoly, statistics, money supply & innovation.

How Uber and Amazon Use Pricing Power

Displaying some pricing power, dynamic pricing on Amazon, for airlines, Uber and elsewhere recognizes and responds to changes in demand to maximize profits.

Three Graphs That Tell the Whole Oil Story

Following the law of supply, U.S. shale oil firms will lower output because OPEC is letting price plummet but airlines on demand side like lower prices.

Weekly Roundup: From Turkey to Buffalo

This week’s everyday economics include competition, oligopoly, marginal cost and benefit, GDP growth, unemployment, supply and demand, OPEC, redistribution.

Our Weekly Roundup: From Free Music to Cheap Oil

This week’s everyday economics involves opportunity cost, regulation, behavioral economics, GDP, automation, innovation, supply and demand and productivity.

Hey, Spotify. Taylor Swift called. She wants her money.

With the music industry moving from CDs to streaming, firms like Spotify have created new supply and demand and new incentives for performers and providers.

Four Ways to Understand Marijuana Demand

With an increasing number of states legalizing marijuana, demand is shifting because of changes in utility, complementary products and the number of buyers.

One Woman’s Response To Uber

Whether looking at a woman who needs close to $360 to pay her rent or a railroad that needs to be built, financial intermediaries are an economic necessity.

What It Means to be Cool

As a technological innovation, air conditioning led to a ripple of positive externalities. Affecting how we live and work, it had private and social return.