Using economic analysis, the top ten reasons for eating turkey on Thanksgiving include substitute and complementary goods, utility and opportunity cost.
Increasing income inequality by moving from communal farming to individual plots, Plymouth Colony Governor William Bradford changed income redistribution.
The power of OPEC as a cartel that controls oil prices through quotas on its members might be a myth.
A single statistic like the unemployment rate for Japan, the European Union and the U.S. can be misleading until we look more closely at what it represents.
As an oligopoly, Nike uses limited edition sneakers, coveted by Sneakerheads, to compete because they create cache, a cool image, and eliminate discounting.
This week's everyday economics involves opportunity cost, regulation, behavioral economics, GDP, automation, innovation, supply and demand and productivity.
Shown by Fitbits, workplace output goals and division of labor, when implicit and explicit targets increase self-control, they boost productivity.