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.

  • 16750_SupremeCourt.11.16_000002592980XSmall

    The Affordable Care Act, the Supreme Court and Line-Standers

    Mar 26, 12 • 480 Views • No Comments

    If you don’t have 3 days to spare and want to watch the oral arguments for the Affordable Care Act, you can hire a professional line-stander. Charging close to $36 an hour to wait outside the Supreme Court, they started the line last Friday. There are......  [read more]

  • 16572_8.17_000014030272XSmall

    Unconventional Jobs

    Mar 14, 12 • 599 Views • No Comments

    By Mira Korber, guest blogger. Repairing the US employment situation will prove a long battle. As you read yesterday, at current growth rates, it could take eight years for American employment to fully recover. Out of this labor morass, an unusual employment......  [read more]

  • 16908_9.1_000009319445XSmall

    Employment’s Bottomless Pit

    Mar 13, 12 • 677 Views • No Comments

    By Mira Korber, guest blogger. The U.S. economy added 227,000 jobs in February. That’s more than the 210,000 jobs economists forecast for the month, though the current unemployment rate is still high: 8.3%. (For a different take on the issue, read......  [read more]

  • gasoline...nozzle..gas pump..15483_iStock_000006386775XSmall

    Becoming An Eco-Driver

    Mar 11, 12 • 656 Views • No Comments

    With the price of gas marching skyward, more of us might become eco-drivers. Based on a report from the University of Michigan Transportation Research Institute (UMTRI), here are some (slightly irreverent but accurate) rules for eco-driving: During warm......  [read more]

  • Gasoline prices add 9/10 at the margin

    A Gas Price That Might Matter

    Mar 5, 12 • 875 Views • 2 Comments

    Is it $4.11? Although gasoline prices are rising, consumers have not altered their driving habits. Economist James Hamilton suggests that the tipping point tends to be when prices exceed the highest point during the past 3 years. That number is $4.11 or $4.27......  [read more]