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Crucial for a market economy, property rights can be tough to define when they involve the conflict between privacy and a water view.
After knowing the mind-boggling prices for a Birkin bag and "Citizen Kane" sled, only auction economics can explain while they were so high.
Connecting economics, current events, and history, this week's economic news roundup ranges from the Dow and a pricey handbag to tariffs.
Continuing with our July e-links, I recommend some historical fiction that takes us back to the economy and social life of the 1880s.
Changing incentives for pedestrians and drivers, because the shared space concept eliminates traffic lights, we behave differently.
Because the Big Mac is almost identical in different nations, it is a handy way to compare currencies and wages.
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.