When the Universal Postal Union used four Rs to rank postal services in 172 countries, the United States was in ninth place.…
The Problem With Finding the Right Size
The massive volume of online clothing returns.takes us to the value of standardized dress sizes and the transactions costs of free shipping.…
The Ripple of a No Deal Brexit
When we follow the trail of a no deal Brexit, the massive ripple of its impact ranges from intangible uncertainty to a real impact on business activity.…
When Gasoline is Like Spotify
We used to buy what we needed. Now we subscribe. If you live in Chicago, you can sign up for a weekly gasoline delivery subscription. For $16 a month plus the price of the gas, Yoshi will fill up your…
Wilted Lettuce, Moldy Strawberries, and the Impact of Brexit
Thinking of wilted lettuce, moldy strawberries, and a slower trip from the Hook of Holland to Harwich, England, we can see the impact of Brexit.…
Why the Kilogram Had to Change
To become more accessible and accurate, a new kilogram has been developed that that is based on ideas rather than an object.…
Why We Share Homes, Cars, and Clothing With Strangers
An economist can explain why we are willing to share homes (Airbnb), carpools (BlaBlaCar), and clothing (Rent the Runway) with strangers.…
Changing EU Times
European Union time zones could change if individual nations get to choose if they want perpetual summer time or winter time.…
The Mystery of the Disappearing Credit Card Signature
Soon, the credit card signature will be extinct and so too will another transaction “cost” that made spending money a little more difficult.…
The Chaos Created By Venezuela’s Soaring Inflation Rate
When Venezuela’s inflation rate entered the stratosphere, it created chaos that shifted the rhythm and rationality of daily life.…