Lifestyle

  • Nudge Unit Pool Table

    Should Government Have a Nudge Team?

    Nov 30, 13 • 365 Views • No Comments

    Is society better off when people stop smoking? Return to work sooner after a layoff? Pay their taxes on time? Using “nudge theory,” the UK’s Nudge Unit says it can help policymakers help us to make better decisions. A part of government,...  [read more]

  • Pie Slices. Income inequality

    More Thanksgiving Economics

    Nov 28, 13 • 446 Views • No Comments

    Our annual Thanksgiving post: In 1623, 2 years after the first Thanksgiving, Governor William Bradford was worried about Plymouth’s food supply. The problem, he concluded, was that people shared whatever they produced. Because they expected “able and...  [read more]

  • Price of Thanksgiving Dinner

    Problems With Thanksgiving Economics

    Nov 26, 13 • 494 Views • No Comments

    Something is very wrong with this graph from CNBC:   During 2011, Thanksgiving dinner prices totaled $49.20. In 2012 the number was $49.48. Did the cost of the holiday dinner rise by 28 cents? Or, as CNBC said in its headline, did “Thanksgiving...  [read more]

  • Human capital and Prop 8

    A New Reason to Marry

    Nov 25, 13 • 305 Views • No Comments

    Traditionally, marriage has been about specialization and “production complementarities.” With the husband in the labor force and the wife at home, their division of labor resembled a small factory. He supplied the income and she was the...  [read more]

  • State-to-State Migration

    Is Your Home State Popular?

    Nov 23, 13 • 365 Views • No Comments

    The Erie Canal has always been my favorite. Initiated by a Clinton who wanted to be President (DeWitt Clinton, governor of NYS), the canal was completed in 1825. Because it connected Albany, NY to Buffalo, NY, people and goods in New York City could move much...  [read more]