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When no traffic lights on the island of Nantucket has created good will among strangers, it also might show the limits of Adam Smith's laissez-faire.
Those vendors that sell us hot dogs, peanuts, and Coke at a ball game are thinking about a lot more than the food and the score.
Connecting economics, current events, and history, our weekly economic news roundup ranges from the mommy penalty and traffic congestion to bees.
Disrupting traditionally sleepy mattress markets, now we can buy beds-in-a-box online and visit countless mattress stores at local malls.
Two new papers have looked more closely at the mommy penalty and even identified how women who have no children are affected.
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.