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During the holiday season, our gift giving might have less value than we expect because recipients engage in preference falsification.
Because of the impact of a price, our opinion of the music from a Stradivarius violin or the taste of a fine wine could change.
Instead of per capita income, we can compare U.S. states' standard of living and wind up with different results.
In The Economist Intelligence Unit's Democracy Index and also through Pew Research, we can see how the economy and democracy need each other.
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.