When I saw that my next blog post was going to post on Valentine's Day, I asked myself the question: "What can economics tell us about love?" I know, I
Welcome
Economics
As a foundational social science that guides business decisions, economics studies how individuals and firms allocate scarce resources, how consumers and firms interact in the market place and the resulting economy as a whole.
Three Financial Health Tips For the New Year
Evaluating your personal finances on an annual basis is a great way to assess your financial health. We all have different values and goals that
The Supply and Demand Model is Wrong
We’ve all heard economists and analysts utter the expression, “It’s all simple supply and demand!” when trying to explain some market phenomenon. Maybe
The Quest for Causality
The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded jointly to David Card “for his empirical contributions to
Nash Equilibrium: Seeing the Forest Through the Trees
Around the 1940s and 1950s, a defining moment in the development of economic thought was underway, led by academics such as Paul Samuelson and John
Data Visualization Gone Wrong
Charts and graphs are a great way to bring data to life and they can help the reader understand what the data is telling us. However, choosing the wrong
Same Product, Different Price?
When booking a flight for the first time recently in what felt like years, I couldn't help but notice how quickly ticket prices were changing. This led
A New Line of Business: From Gas to Electric
This past spring, I was in the market to buy new lawn equipment. I did what most consumers do, and I researched online and found several stores were
Money and the Pursuit of Happiness
Economists love to talk about money. Everywhere you look, you see economists in news columns or on television chiming in. They offer projections about
The Successes and Failures of Homo Economicus
After a long day of work, you decide to stop off at your favorite pub for a peaceful respite, only to find a tremendous pool tournament just getting
