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When nations try to guarantee their domestic medical equipment supply through trade restrictions, the policy could backfire.
Connecting economics, current events, and history, this week's economic news roundup ranges from reallocating restaurant food to spending more on marijuana.
To the Great Depression and the Great Recession, we can now add coronavirus stimulus spending as examples of John Maynard Keynes's philosophy.
Cancelling the 2020 Olympics, Japan made a decision that had countless hidden costs for athletes and many other individuals and businesses.
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.