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August 31, 2014
A NASA satellite image of the world's night lights conveys economic information about developed and developing countries.
August 31, 2014
Bedtime Stories… About the Economy.

From statistics and a satellite image of the world at night, we can see that developing countries lack the electrification they need for economic growth.

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August 29, 2014
Weekly Economic News Roundup and airplane seat
August 29, 2014
Solving the Airplane Seat Problem

According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.

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August 28, 2014
Starbucks tall latte index
August 28, 2014
The Path of the Shifting Center of Global Economic Power

Led by Chinese economic growth and other emerging markets, the center of economic gravity is moving eastward from the developed world to Asia.

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August 27, 2014
Everyday Economics: With opportunity cost, planners can decide how much natural disaster preparation is worth the tradeoff.
August 27, 2014
The Costs of Being Prepared for a Natural Disaster

Whereas natural disaster preparation can save lives, it might have too high an opportunity cost to make sense or be a ShakeAlert that has been proven.

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August 26, 2014
Everyday Economics: While short term GDP spending increases, the impact on the economy from a disaster is probably not beneficial.
August 26, 2014
Can an Earthquake Be Good for the Economy?

19th century economic writer Frederic Bastiat warned that a disaster spending GDP boost is misleading because of unseen sacrificed economic activity.

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August 25, 2014
Condemned by many people including President Obama, corporate inversions might not be the problem. Instead we should reconsider the corporate tax.
August 25, 2014
Corporate Tax Dilemmas

When firms diminish their corporate tax rate legally with a corporate inversion, the debate should be about overly complex corporate tax laws.

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August 22, 2014
Whether looking at the price of food in Russia or at exports to Russia, supply and demand can explain price changes from the Russian embargo.
August 22, 2014
Impact of the Russian Trade Embargo on Ikea's Swedish Meatballs

Supply and demand explain the impact of the Russian embargo on goods in Russia and on the countries that export items to them like poultry and fish.

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August 21, 2014
The state tax incentives that attract TV and film makers need more cost and benefit analysis.
August 21, 2014
When is a Tax Credit Like a Groupon Coupon?

States should use cost benefit analysis more so to assess economic development tax incentives like tax credits that target film and TV producers.

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August 20, 2014
Weekly Roundup and vacation time
August 20, 2014
Should Your Boss Require Vacations?

OECD countries mandate that wages and salaries be paid for vacations and sick while, in the U.S., firms decide their own policies.

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August 19, 2014
Weekly economic news roundup and working mothers
August 19, 2014
The Cost of Raising Children

Behavioral economists like Gary Becker say that the family is like a factory where land, labor and capital are combined to "produce" goods like children.

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August 18, 2014
With universal healthcare, improved health could come at the expense of free choice.
August 18, 2014
Do You Want a Healthcare Nudge?

Primarily […]

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August 17, 2014
Everyday Economics — Oil stories
August 17, 2014
A Closer Look at the EU 28 Economic Growth Rate

Looking at a European average economic growth rate, unemployment rate and GDP to debt ratio is misleading because of countries' disparate economies.

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