Thinking Economically

Much more than money, economics is about tradeoffs. Thinking economically involves cost and benefit, marginal analysis and seeing that there is no free lunch. Econlife tries to convey the perspective that is the foundation of economics that helps people make decisions personally, professionally and as voters.

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    Will We Have Enough Food in 2050?

    Oct 15, 11 • 571 Views • No Comments

    The world is getting richer. And richer people eat more meat. And the animals they eat consume more food. Also, everyday, the world has more people. The bottom line? According to a study from Nature, we have to double the world’s food supply by 2050.......  [read more]

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    A Boost for St. Louis?

    Oct 13, 11 • 483 Views • No Comments

    Business at Big Daddy’s tavern will spike 30% this evening during the Cardinals/Brewers playoff game and squirrel shirts are selling like hotcakes. Add hot dog and beer sales, parking revenue, gate receipts to the team, out-of-towners spending,......  [read more]

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    Peanuts or Cotton?

    Oct 12, 11 • 513 Views • No Comments

    Farmers decided to plant fewer peanuts when cotton prices soared. The result? Now peanut prices are skyrocketing. Here is the story. Perhaps it all began with higher cotton prices. Responding, peanut farmers switched some acreage to cotton. Combine that......  [read more]

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    Real Food Commercials

    Oct 10, 11 • 425 Views • No Comments

    The place is a Manhattan film studio. The star could be a donut, ice cream, or a chicken nugget. For a spaghetti sauce shoot, the director says, “Lights. Roll. Action. Drip.” Described in this NY Times article, tabletop directing is a......  [read more]

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    A Happiness Check

    Oct 9, 11 • 444 Views • No Comments

    The jobs, income and wealth scene is a bit bleak. Unemployment has soared, many workers are earning less, the government owes a ton of money, the stock market has been down, up, and down again, housing prices have plummeted and 25% of us have lost more than......  [read more]