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For this holiday season, economists tell us that gift giving could say more about the giver than what the recipient wants.
Connecting economics, current events, and history, this week's economic news roundup ranges from parking lot lines to penalty shootouts.
Continuing our December e-links and our concern with gender discrimination, we suggest you take a look at this reporter's question.
Making decisions about the future, sometimes our sunk costs--the irrecoverable time and money we invested in the past--distorts our logic.
Whether looking at Bethel's junk or the earth, we see a finite area from which it is tough to haul away all of the garbage.
As we start to plan our gift giving for this holiday season, we should remember preference falsification and deadweight loss.
Hello Everyone-
I’m Elaine.
Having been in the classroom for decades, written three books (and some of a fourth one), I like to think about economics everywhere all the time. Every day, I’ve added a blog to econlife—now it has been almost 14 years and more than 4,000 posts. I am delighted that you are here and hope we can have some economic fun together.