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Hearing the Clemson University football team got 300 burgers at the White House, an economist might name the resources needed for a quarter pounder.
While we all know when we are wasting time on social media, it is tougher to uncover the hidden cost that is paid by the entire economy.
We could have a problem with our supply of Super Bowl guacamole if Mexico's pipeline fuel thefts lead to avocado shortages.
Whether looking at an art heist, government shutdown negotiations or a soccer shootout, game theory can explain people's behavior.
Connecting economics, current events, and history, our weekly economic news roundup ranges from government's nudges to school taxes and Southwest Airlines.
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.