EconLife.com http://www.econlife.com Connecting economics to everyday life, current events and history. Thu, 23 May 2013 11:30:04 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Price Ceilings: Venezuelan Toilet Paper Shortages http://www.econlife.com/price-ceilings-venezuelas-shortages/?utm_source=rss&utm_medium=rss&utm_campaign=price-ceilings-venezuelas-shortages http://www.econlife.com/price-ceilings-venezuelas-shortages/#comments Thu, 23 May 2013 11:30:04 +0000 adminEcon http://www.econlife.com/?p=35309 One shopper had to search for toilet paper in 6 stores. Another arrived in a supermarket just after a delivery but was... [read more]

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]]> http://www.econlife.com/price-ceilings-venezuelas-shortages/feed/ 0 Pick Two, Get One. http://www.econlife.com/pick-two-get-one/?utm_source=rss&utm_medium=rss&utm_campaign=pick-two-get-one http://www.econlife.com/pick-two-get-one/#comments Wed, 22 May 2013 04:00:55 +0000 adminEcon http://www.econlife.com/?p=35277 By Lauren Miller, Guest Blogger and Senior at Kent Place School. How do you tell the difference between discretionary and business flyers?... [read more]

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]]> http://www.econlife.com/pick-two-get-one/feed/ 0 Monopolistic Competition: Marijuana Markets http://www.econlife.com/monopolistic-competition-marijuana-markets/?utm_source=rss&utm_medium=rss&utm_campaign=monopolistic-competition-marijuana-markets http://www.econlife.com/monopolistic-competition-marijuana-markets/#comments Tue, 21 May 2013 11:30:47 +0000 adminEcon http://www.econlife.com/?p=35233 As marijuana becomes increasingly legal, what kind of a market do we want? At the moment, Colorado and Washington permit the production,... [read more]

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]]> http://www.econlife.com/monopolistic-competition-marijuana-markets/feed/ 0 The Benefits of a Group Mentality http://www.econlife.com/35222/?utm_source=rss&utm_medium=rss&utm_campaign=35222 http://www.econlife.com/35222/#comments Mon, 20 May 2013 11:30:20 +0000 adminEcon http://www.econlife.com/?p=35222 By Lilli DeBode, guest blogger and senior at Kent Place School. If you were ever a child, you probably noticed that the... [read more]

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]]> http://www.econlife.com/35222/feed/ 0 Laissez-Faire: When Is It Okay to Do Nothing? http://www.econlife.com/laissez-faire-is-it-okay-to-do-nothing/?utm_source=rss&utm_medium=rss&utm_campaign=laissez-faire-is-it-okay-to-do-nothing http://www.econlife.com/laissez-faire-is-it-okay-to-do-nothing/#comments Sun, 19 May 2013 11:30:27 +0000 adminEcon http://www.econlife.com/?p=35191 I suspect we have a “bias for action.” Imagine a soccer game that has gone into overtime. Each team has 5 penalty... [read more]

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]]> http://www.econlife.com/laissez-faire-is-it-okay-to-do-nothing/feed/ 0 The Prisoners’ Dilemma: Outsourcing Factory Safety http://www.econlife.com/the-prisoners-dilemma-faces-retailers-elevating-factory-safety/?utm_source=rss&utm_medium=rss&utm_campaign=the-prisoners-dilemma-faces-retailers-elevating-factory-safety http://www.econlife.com/the-prisoners-dilemma-faces-retailers-elevating-factory-safety/#comments Sat, 18 May 2013 11:30:42 +0000 adminEcon http://www.econlife.com/?p=35153 Why do H&M and Gap disagree? While European retailers like H&M (biggest Bangladesh garment buyer), Benetton, Marks & Spencer and Carrefour will... [read more]

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]]> http://www.econlife.com/the-prisoners-dilemma-faces-retailers-elevating-factory-safety/feed/ 0 Creative Destruction: The Economics of Robotics http://www.econlife.com/creative-destruction-and-a-robotic-takeover/?utm_source=rss&utm_medium=rss&utm_campaign=creative-destruction-and-a-robotic-takeover http://www.econlife.com/creative-destruction-and-a-robotic-takeover/#comments Fri, 17 May 2013 11:30:30 +0000 adminEcon http://www.econlife.com/?p=35100 Once there was a computer therapist named ELIZA. While her developer thought she was just a machine, the people who talked to... [read more]

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]]> http://www.econlife.com/creative-destruction-and-a-robotic-takeover/feed/ 0 Demand and Supply: Should Congress Unbundle Cable? http://www.econlife.com/unbundling-cable-will-affect-demand-and-supply/?utm_source=rss&utm_medium=rss&utm_campaign=unbundling-cable-will-affect-demand-and-supply http://www.econlife.com/unbundling-cable-will-affect-demand-and-supply/#comments Thu, 16 May 2013 11:30:14 +0000 adminEcon http://www.econlife.com/?p=35065 If I pay $100 for a 50 channel cable package, then choosing the 25 channels I really watch should cost me $25.... [read more]

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]]> http://www.econlife.com/unbundling-cable-will-affect-demand-and-supply/feed/ 0 Human Capital: Sliding Down the Occupation Ladder http://www.econlife.com/human-capital-had-too-much-education-after-the-tech-bubble/?utm_source=rss&utm_medium=rss&utm_campaign=human-capital-had-too-much-education-after-the-tech-bubble http://www.econlife.com/human-capital-had-too-much-education-after-the-tech-bubble/#comments Wed, 15 May 2013 11:30:30 +0000 adminEcon http://www.econlife.com/?p=35033 Does your barista have a Ph.D? When people have too much education for their job, the reason might be “cascading.” Explained by... [read more]

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]]> http://www.econlife.com/human-capital-had-too-much-education-after-the-tech-bubble/feed/ 0 A Mixed Economy: Ownership Incentives http://www.econlife.com/the-incentives-of-ownership-in-a-mixed-economy/?utm_source=rss&utm_medium=rss&utm_campaign=the-incentives-of-ownership-in-a-mixed-economy http://www.econlife.com/the-incentives-of-ownership-in-a-mixed-economy/#comments Tue, 14 May 2013 11:30:06 +0000 adminEcon http://www.econlife.com/?p=34922 Thinking about our mixed economy in which government and the market intermingle, I have always gravitated to this quote from former Secretary... [read more]

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