Economic Way of Thinking

There’s been a mere 8% increase in students eating taxpayer-paid school lunches in Michigan

The New York City Marathon is being asked to pay roughly $750,000 a year to make up for toll revenue lost while the Verrazzano-Narrows Bridge is closed.

DecisionMentor is a Multi-Criteria Decision Making application designed to simplify complex decisions for individuals with Public and Private Decisions

The city estimates that its wildly popular e-bike subsidies are helping to eliminate 170,000 vehicle miles traveled per week.

Problems have plagued the manufacturer even after two fatal crashes, and many current and former employees blame its focus on making planes more quickly.

According to science, for every action there is an equal and opposite reaction. Is that also true in our economy? When policymakers and other leaders are faced with decisions, it's often easy to think something along the lines of "just do something!" But when policy is enacted to help achieve a certain outcome, it's possible that there might be unintended consequences. This interactive game from Marginal Revolution University will demonstrate to students when taking action to solve a problem, you also have to think about what ripple effect that action might have.

The word “scarcity” is used to mean multiple things. Distinguishing these different uses can help us think more clearly about economic issues.

Welcome to March Madness, when a confluence of non-fans, casual fans, and hardcore fans clutch their brackets and wait -- and in the process, worker productivity becomes secondary.

One of the arguments for traffic violation fines is that they make the road a safer place, but does this hold up?

The wealthy have different houses, different cars, different lifestyles from the rest of us. These days, they also want to breathe different air.

The blue LED was supposed to be impossible—until a young engineer proposed a moonshot idea. Head to https://brilliant.org/veritasium to start your free 30-da...

Most of the companies in a U.K. trial were so pleased with the results — improved wellbeing, lower turnover, greater efficiency — they've made the four-day workweek permanent.

Cutting in front of someone who’s been waiting patiently in line used to be unethical, bad manners, taboo. Now, businesses are letting people pay for the privilege of skipping the line.

Mass Production Process of Making Wooden Shovels. Steel Plate Factory in Korea.😀 Thank you for watching our video!❌ This video does not contain paid adverti...

The result has been an unexpected productivity boom, which helps explain a great economic mystery: How has the world’s largest economy managed to remain so healthy, with brisk growth and low unempl…

STERLING HEIGHTS — During a Jan. 30 strategic planning session, Sterling Heights city officials were invited to “Think Sterling Green” in fresh new ways, including a plan to start reforesting the city’s tree canopy.

Too few people donate their organs, dead or alive. How can we make it easier to donate, but avoid the abuses that some fear from cash payments?

A trustworthy guide to music, books, arts, media & culture by Ted Gioia. Click to read The Honest Broker, by Ted Gioia, a Substack publication with tens of thousands of subscribers.

Some economists believe the 2022 and 2023 jump in immigration helped stave off a recession in the US.

No one was inside a Waymo car as it was destroyed.

How much does Taylor Swift value her time? It’s an important question with real-world ramifications.

Assistance with an everyday driving task will soon be taken away from Ford drivers.

Agriculture workers across Europe are venting their frustrations with regulations.

How do people across the world spend their time? How do daily activities differ across countries, and how do these differences matter for people’s lives? Explore data and research on time use.

University of Michigan economics professor Justin Wolfers talks to Scott Wolla, economic education officer at the St. Louis Fed.

Brickit is an app that scans your pile of bricks, identifies every piece in it, gives you ideas what to build with them with step-by-step instructions and lets you share the things you make with other enthusiasts.

If getting sick can render you bankrupt, why not live inside a grocery store for 45 days to eliminate your financial burdens?

Tesla finally delivered the long-awaited Cybertruck to the first batch of customers. But there’s still a long road ahead for the angular, polarizing truck.