Weekly Roundup: From Thirsty Almonds to Potent Alcohol

Our everyday economics includes human capital, incentives, behavioral economics, cost and benefit, exports, tradeoffs, inequality, risk,markets, and income.

Are the Rich Getting Richer?

Their conclusion was clear. A recent Federal Reserve study tells us that the rich are getting richer. A closer look, though, reveals it is a lot more complicated. We need to be aware of two issues. How should we define…

Money and Happiness

It is possible, after all, that money can make us happy. A recent Brookings paper from 3 University of Pennsylvania researchers concluded that people experience greater “subjective well-being” or life satisfaction when they are more affluent. Comparing rich and poor…