September 1, 2015
Because middling food like hamburgers is consumed by most people in the affluent West, what we eat does not necessarily reflect inequality or social status.
August 30, 2015
Although it seems callous, for safety regulation like speed limits and for victims' compensation like 9/11 we need to quantify the value of a life.
August 24, 2015
Nothing but grass, lawns began as conspicuous consumption from the English and French aristocracy and now are a middle class manicured status symbol.
August 21, 2015
Depending on how fast news travels, high speed trading can be done through homing pigeons or computers but both have created information asymmetry.
August 19, 2015
Recognizing that neighborhoods with better schools and other shared characteristics affect income mobility, anti-poverty policy can become more effective.
August 13, 2015
For major OECD countries and the U.S., the source and destination for healthcare spending reflect national values about limited government.
August 12, 2015
Whenever a new skyscraper is built, we can ask whether its shadow violates our property rights when it eliminates the sunlight in a city's parks.
August 3, 2015
As we improve our transportation infrastructure, the roundabout has become increasingly attractive because of safety, ease and cost.
August 2, 2015
A production possibilities graph can display the land, labor and capital underutilization that inadequate sanitation creates and indicate a constrained GDP.
July 29, 2015
Because of a low gasoline tax, the Highway Trust Fund does not have enough money to maintain the transportation infrastructure of highways and mass transit.
July 28, 2015
Personal income relates to how long we sleep. Less sleep can diminish the productivity that brings a higher wage. But also, less sleep means more work time.
July 24, 2015
Although people in the eurozone want a single currency and their leaders want unity, monetary union problems create political distrust and disunity.