Cited when discussing innovative entrepreneurs who invent new ideas, Joseph Schumpeter's creative destruction applies to food trends that come and go.
Shifting from the EU to Russia and the Faeroes, Russia's embargo trade barriers changed export and import winners and losers for cheese and salmon.
When deciding whether the Happy Birthday song has a copyright, we are really debating how broad or narrow intellectual property rights should be.
Our everyday economics includes central planning, unintended consequences, comparative advantage, transportation infrastructure, cost & developing nations.
In government, business and at home, the performance metrics we create always are accompanied by incentives that create unintended consequences.
Shown by ant groups successfully taking a Cheerio to a nest, sometimes the wisdom of crowds depends on the brains of an individual leader.
Displaying a shift in comparative advantage, some Chinese textile manufacturers are locating their factories the the U.S. rather than China.
Using road design as an example, we can show how innovation in our transportation infrastructure can improve productivity.