What is economics simply explained? Economics has almost always been part of our day-to-day activities. Earning money, purchasing products and services, and depositing and withdrawing money from a bank are all examples of economic activity. Individual decisions on effectively using time, money, and...
As explained by Marcos Falcone in a column for the Foundation for Economic Education, voters overwhelming rejected this statist initiative. A few weeks ago, …Uruguayans…went to the polls to decide on a proposition that raised some eyebrows both at home and abroad: the nationalization of private...
Some examples of normal goods and inferior goods best explained by lookin at the matching normal product and inferior products. Examples are: Frozen dinners vs fresh cooked food, canned fruit vs fresh fruit, used cars vs new cars, brand name electronics vs no-name brands and brand names vs ...
Constructing a large historical linked sample, I show that upward mobility in the early twentieth century was greater for those who grew up in the coastal and industrial regions, in contrast to more recent times, where mobility is higher among persons who were raised in the middle of the count...
For decade after decade in the United States, children typically stayed healthier and lived longer than the generation that came before them. The country, it seemed to Anne Case, had been doing something right. By the late 1960s, advances in vaccines and antibiotics had helped extend the avera...
Bungie explained of course that as important as art direction is, the skyboxes and levels/rooms are the simplest pieces to add. The difficult work is in spawning the enemies and making everything a game instead of just an empty room you walk through. The second thing I note on this ...
I was about what the kids would say or even do to me. I thought they might make fun of me, or be scared of me and my head-scarf. Kids at that age usually like to be all the same, and there’s little or no of differences.On the first day of school, I put all those ...
Much of the success of the School can be explained in terms of its ability to attract refugees. There have been successive waves of refugees coming to the School, bringing their own perspectives with them. People fleeing intellectual, political or cultural persecution elsewhere. ...
The standard measures may suggest, for instance, that there is less inflation or more growth than individuals perceive to be the case, and the gap is so large and so universal that it cannot be explained by reference to money illusion or to human psychology. In some countries, this gap ...
The paper concluded — unsurprisingly to laypeople but perhaps surprisingly to more orthodox economists — that including sales tax in prices made people less likely to purchase items. Chetty briefly explained the substantive importance of this finding (it suggests that consumers aren’t purely rational...