Like the tragedy of the commons, splitting a bill among friends at a restaurant involves an individual’s marginal benefit and the group’s marginal cost.
Part 1: Understanding the Student Loan Crisis
The characteristics of the student loan crisis include a high default and delinquency rate, huge amounts of money and a personal and macroeconomic impact.
Weekly Roundup: From Fed Dots to Income Traps
Our economic news summary includes interest rates and the Fed, inequality and developing nations, space travel innovation and consumer spending changes.
Why Doing Good is Not Always Easy
By recognizing the tradeoffs of recycling, preserving endangered species and improving world health, doing good could become more productive.
Weekly Roundup: From Uber Drivers to Gasoline Prices
Our economic news summary includes labor regulation and Uber, the GDP and streets, gasoline price fluctuation, food and inequality and markets and syrup.
Deciding Who is an Uber Employee
Government could tell sharing economy firms like Uber, Lyft and Kitchensurfing if workers will be employees or independent contractors.
Why We Need Trophy Hunting
Expensive trophy hunting packages demonstrate how the price system gives a value to animals that helps to preserve them.
Weekly Roundup: From Robot Servers to Shrimp Farmers
Our everyday economics includes wages, externalities, productivity, income, tradeoff, taxes, fiscal policy, gender, human capital and comparative advantage.