August 31, 2015
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 29, 2015
Our economic news summary ranges from elasticity and a Berkeley soda tax to the minimum wage and the cost of living, to the power of the market and ivory.
August 27, 2015
When worker performance is monitored through data collection of what we do and how long it takes, productivity increases but perverse incentives result too.
August 25, 2015
August 22, 2015
Our weekly economics news summary included the yuan and foreign exchange, Google and branding, parental leave and incentives, and choosing your own price.
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 17, 2015
Showing the purchasing power of different currencies and under-and overvaluation, the Big Mac Index can provide an understanding of the yuan devaluation.
August 15, 2015
This week's everyday economics includes property rights, trade, creative destruction, entitlements, tradeoffs, conservation, externalities, price, and markets.
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 11, 2015
Cited when discussing innovative entrepreneurs who invent new ideas, Joseph Schumpeter's creative destruction applies to food trends that come and go.
August 9, 2015
When deciding whether the Happy Birthday song has a copyright, we are really debating how broad or narrow intellectual property rights should be.