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Looking at activities that range from jaywalking to loading dishwashers, we can see how tight and loose social norms can shape behavior.
In addition to the short term suffering and disruption, world pandemics since the 14th century have had a multi-decade economic impact.
Because of state mandated lockdowns, dairy farmers are responding to less demand from restaurants, schools, and hotels by dumping milk.
Connecting economics, current events, and history, this week's economic news roundup ranges from demand for eggs and toilet paper to traffic light buttons.
Our first two April 2020 e-links look at the coronavirus pandemic through a musical lens and then a comparison list of World 1.0 and World 2.0.
It's easy to assume that the toilet paper shortage in the U.S. is caused by panic buying and hoarding but there really might be a supply problem.
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.