Based on the January 2017 Big Mac Index, we can get the most burger for our buck in Egypt. At the equivalent of $1.46, an Egyptian Big Mac is less than one-third the $5.06 U.S. price. On the other han…
How a Chicken Helped a Pickup Truck
When German farmers got a chicken tax to protect them from U.S. poultry imports in the 1960s, the results were unexpected.…
Weekly Roundup: From Less Waste to More Chicken Feet
Ranging from U.S. chicken feet exports to “Hamilton” tickets, our weekly roundup included China worries and price discrimination.…
Weekly Roundup: From Less Waste to More Chicken Feet
Ranging from U.S. chicken feet exports to “Hamilton” tickets, our weekly roundup included China worries and price discrimination.…
What You Don’t Know About the TPP
We can see by looking at a single firm that makes waders in Montana that the Trans-Pacific Partnership combines Adam Smith with David Ricardo.…
Three Charts That Show the Good Side of Free Trade
The consumer benefits from free trade with cheaper goods that most help low income households, more variety, and a GDP rise that boosts living standards.…
The Fruits (and Vegetables) of Free Trade
With the TPP ready for the U.S. Congress’s debate on the free trade deal, we can remember NAFTA, comparative advantage and the fruits of free trade.…
Weekly Roundup: From Super Bowl Spending to Puerto Rican Subsidies
This week’s economic news summary includes disputes about Kobe Bryant and intellectual property, Puerto Rican and Super Bowl subsidies, and deficit worries.…
The Choice Between Free Trade and Tariffs
Low skilled labor bears more of the cost of free trade than comparative advantage and traditional economics have indicated.…
Weekly Roundup: From Traffic Congestion to Job Evaluation
Our everyday economics includes central planning, unintended consequences, comparative advantage, transportation infrastructure, cost & developing nations.…