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With its newest and priciest product launch, Apple has made iPhone conspicuous consumption the reason to buy their phone.
With a Vanguard S&P Index fund competing against a group of hedge funds, a decade-long Warren Buffett bet for $1 million has just ended.
We know that transactions are easier when weights and measures and times are standardized but do we need emoji standardization?
Used in ice cream, India's guar gum is also so necessary for fracking that the rise of oil prices created a guar bean bubble.
Connecting economics, current events and history, our Weekly Economic News Roundup includes aspirational foods, Kenya's plastic bags and lottery winners.
To hear a single-use plastic bag regulation debate, you could go to Kenya or NYC while Rwandans might be discussing their plastic bag black market.
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.