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The reason that we cannot resist limited edition drinks like a Starbucks Pumpkin Spice Latte is diminishing marginal utility.
Although Social Security solvency has not been in the headlines, it remains a massive challenge that we need to understand.
From sleeveless jackets to begging brides and young sports teams with no uniforms, the complexities of quotas can produce a slew of unpredictable results.
With Indra Nooyi leaving PepsiCo, we have even fewer female CEOs of major corporations who can change expectations about male leadership.
You can assume that individuals are affluent if their consumer spending includes iPads, Verizon Wireless, and Ziploc bags.
Demonstrating how the right government regulations can make a huge difference, Oregon has marijuana supply problems but not Colorado.
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.