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How the world could prevent a catastrophic oil spill and avoid the tragedy of the commons according to an economics Nobel laureate.
Suggesting causation, people are pointing out that as gasoline prices go up, more drivers are stranded with an empty tank.
Connecting economics, current events, and history, this week's economic news roundup ranges from a chili pepper shortage to a Lego spill.
Our June e-links continue with a new podcast that I return to daily because I learn what no one else knows and it's just 5 or 6 minutes.
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.