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We can better grasp what we mean by the GDP by looking at the numbers and also by comparing its components to an alternative.
Whereas we know the size of an inch and a mile, standardized dress sizes were developed and then abandoned in the United States.
Holiday spending is about more than Mother's Day when we look at the long list of days, weeks and months that were created to boost a brand or industry.
As a signal from parents, popular baby names can convey a quest for individuality as well as a liberal or conservative message.
Connecting economics, current events and history, our weekly economic news roundup includes pricey avocados, the usefulness of smiles, and priming the pump.
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.