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When student athlete pay is replaced by luxurious locker rooms, the market is prevented from allocating money productively.
Eclipse economics will range from small town business activity to surging airfares and from goats to productivity losses.
Connecting economics, current events and history, our Weekly Economic News Roundup includes marijuana and soda taxes, job markets, and global supply chains.
A smile curve is a handy way to see that the global supply chain for technology is much more complicated than a Made-in-China label.
#TBT Throwback Thursday: Looking back at the original McDonald's french fries that were made with beef tallow, we could say that the taste was worth the fat.
Whereas the Model T brought us suburbia, highways and McDonald's, the spillover from self-driving cars will also transform our lives at home and at work.
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.