October 14, 2014
Like 19th century English coal, more efficient and cheap LED lights can mean people and businesses use it more because of the lower opportunity cost.
September 30, 2014
September 24, 2014
Whether looking at the supply chain for a pencil or an iPhone 6, we see globalization because price system incentives create cooperation.
September 14, 2014
We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.
September 3, 2014
August 28, 2014
Led by Chinese economic growth and other emerging markets, the center of economic gravity is moving eastward from the developed world to Asia.
August 12, 2014
In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.
August 4, 2014
The spread of refrigeration in China has positive and negative externalities that relate to household diets, greenhouse gases and transport and home waste.
July 31, 2014
With Argentina again defaulting on her sovereign debt, she is violating the sanctity of contracts and lessened her borrowing ability at home and globally.
July 27, 2014
The U.S. has had an economic recovery from the Great Recession with sluggish GDP growth, a worrisome output gap and slowly diminishing unemployment.
July 17, 2014
July 14, 2014
