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When you think about shrinking airline seats, you could consider pitch and width, but really the problem is all about property rights.
Reese's Peanut Butter Cups and Coca-Cola are just two examples of higher consumer prices because transport and ingredient costs have gone up.
Just combine Google Street View big data on 22 million cars with researchers at Stanford University and you learn lots about all of us.
Although the U.S. budget deficit just hit a five-year high, an economist could explain why politicians and voters are not worried.
An economist can explain why we are willing to share homes (Airbnb), carpools (BlaBlaCar), and clothing (Rent the Runway) with strangers.
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.