Because recycling is a broad social norm, we do not differentiate between good and bad recycling and, as a result, have a higher cost.
Looking at externalities, we can see how economics can validate eating too much ice cream.
Our everyday economics includes inelasticity, supply, regulation, entitlements, subsidies, healthcare, innovation, price floor, monetary policy, euro zone.
Cash withdrawals from Greek banks show depositors' worries about a euro zone departure and monetary policy problems.
Basing their decision on the Takings Clause of the Fifth Amendment, the Supreme Court said the USDA raisin reserve could not longer seize farmers' raisins.
Contracting because of online competition, Gillette's dominance of the men's shaving product market shows the creative destruction that e-commerce creates.
Affecting ACA tax credit subsidies in 34 states, the Supreme Court Affordable Care Act decision will impact entitlement spending.
Regulation can have unintended consequences. With football helmets or seat belts or even financial regulation, protection can create more reckless behavior.