September 25, 2015
In a chicken sandwich are ingredients from around the world that one person can create but the price system gathered them for us at the local supermarket.
September 20, 2015
With more than roads, bridges and railroads, our transportation infrastructure includes the reefers (refrigerated containers) that facilitate globalization.
September 19, 2015
Our economic news summary includes interest rates and the Fed, inequality and developing nations, space travel innovation and consumer spending changes.
September 16, 2015
For pure enjoyment The Martian is a good read but also it helps us recognize how travel to Mars has and will have positive externalities on earth.
September 15, 2015
By recognizing the tradeoffs of recycling, preserving endangered species and improving world health, doing good could become more productive.
September 14, 2015
While some high middle income economies have slowed down and then accelerated again, using World Bank criteria, China's economic growth is tough to predict.
September 13, 2015
Currently slowing down, China's economic growth might be challenged by the middle income trap that has caught Brazil but not Taiwan or Malaysia.
September 12, 2015
September 8, 2015
Long queues can be reduced with new incentives. Instead of first-come-first-served, if the last to arrive were served first, then we'd have shorter queues.
September 5, 2015
September 2, 2015
Gasoline prices rise faster than they fall because monopolistic competition provides retailers with some price control although their product is identical.
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.