A behavioral economist can explain why a pricing strategy can become a legend when it relates to a bread making machine.
Economic Thinkers
Starting with Adam Smith and The Wealth of Nations, continuing to Malthus, Ricardo, Keynes, Hayek, Friedman, Sen and others, the timeless ideas of economic thinkers provide understanding of the contemporary economy.
Why It’s Tough To Eat Less (Real) Chocolate
When the fight against obesity comes down to a battle against chocolate consumption, winning will be tough.
The $1.9 Million Pigeon
When two Chinese businessmen both want the same birds, racing pigeon prices can go sky high into the stratosphere.
How Dating Markets Have Changed
As they replace the traditional ways that couples meet each other, onlne dating markets are reducing the role of friends and family.
Looking at Our Restaurant Anxiety
As COVID-19 intensifies our restaurant anxiety, an entire dine-in industry is experiencing cataclysmic upheaval.
How Vinyl and Streaming Are Similar
Changes in recorded music sales were fueled by new formats that started with vinyl and eventually became streaming.
A Labor Day Look at Our Time Squeeze
On this Labor Day, we can explain the “middle-class time squeeze” by looking at how time/money tradeoffs changed a family’s division of labor.
The Downside of Made in America
Seemingly clear, “Made in America” becomes much more complex when we define it and look at its impact on taxpayers, consumers, and workers.
The Covid-19 Test That Does More With Less
Because of productivity gains from Covid-19 pool testing, the Michigan State University’s 67,000 students can return to school more safely.
Why We Should Avoid Vaccine Nationalism
As the race to develop a COVID-19 vaccine accelerates, nations would be wise to avoid vaccine nationalism and instead try to cooperate..