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.
October 12, 2014
Since education creates positive externalities that fuel economic growth, understanding how to develop expertise through human capital formation is crucial.
October 5, 2014
Just like grading human capital, ranking college quality through a single number hides the subjectivity of the process.
October 2, 2014
Colorado's marijuana growers and dealers are wasting resources because banks and insurance companies will not act as their financial intermediaries.
September 30, 2014
September 28, 2014
Knowing about how and when creative people achieve optimal productivity is important because of the connection between human capital and economic growth.
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.
August 31, 2014
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.
August 29, 2014
According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.
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 27, 2014
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.