Learn With Elaine: How Covid Changed College Applications

By suspending the SAT and ACT, Ivy League colleges diminished transaction costs and made it easier to apply.

Why the World Needs One Time

Last night, at 12 a.m., Daylight Saving Time (DST) began when our clocks moved forward an hour. Whereas I would have seen the sunrise at 6:11 in New Jersey, instead, it’s at 7:11. Correspondingly, sunset switched from 6:02 on March…

Why GameStop Stock Is Like a Beanie Baby

GameStop describes itself as a chain of 5,000+ stores that sells video games and entertainment products at malls and online. Rather than a retailer, though, GameStop will probably be remembered as a financial bubble. During 2020 when the stock was…

What Switzerland is Best At

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.