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The OPEC nations are having a tough time deciding what oil price to target because it all depends on how U.S. shale oil producers will respond.
We can look at pizza take-out to see why a trade deficit involves much more than spending more on the imports you buy than the exports you sell.
With Daylight Saving Time (DST) having just begun, we might find that shifting sunlight from the morning to the evening has made us safer.
Connecting economics, current events, and history, our weekly economic news roundup ranges from sneaker manufacturing and steel tariffs to a Brexit problem.
About more than the U.K., Brexit also creates EU budget problems because of the 10 to 12 billion euros that the British will no longer give annually.
With consumers expecting faster product cycles, Adidas is experimenting with a new supply chain that accelerates sneaker production.
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.