Economic Way of Thinking

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.

"The Yankees pledged to donate $40 million to the affected areas, but the immediate community has barely seen a dime from the team. And more importantly, the...

These countries tried everything from cash to patriotic calls to duty to reverse drastically declining birth rates. It didn’t work.

PEOPLE FACE TRADEOFFS Scarcity exists and it doesn’t go away. Because resources are limited, people must make choices. PEOPLE ECONOMIZE People choose the alternatives that they perceive to offer the greatest excess of benefits over costs. ALL CHOICES INVOLVE COSTS The opportunity cost of a choice is the foregone alternative, the (benefits of the) alternative […]

Updated timeline of the most visited websites on the Internet from 1995 to 2023. Two major updates: added more accurate and complete data from 1990s, added m...

U.S. productivity rose at a 4.7% annual clip in the third quarter, the highest since the third quarter of 2020, the government said Thursday.

Question of the Day for teachers and students: How much money do Americans waste on uneaten candy for Halloween?

Airlines and planemakers obsess about reducing jet-fuel consumption by constantly finding new ways to reduce aircraft weight. They may have new allies in Ozempic and other similar slimming medications.

The end of Netflix DVD marks the loss of something even bigger.

An Edinburgh food research team produces a lower-fat alternative aimed at cutting palm oil dependence.

Starbucks has 383 billion unique latte combinations.

There are 29 empty properties per homeless person across the US. Have a look through historical changes and how each US state compares.

A new discovery of lithium this last week led to a flurry of headlines touting the finding as one of the biggest lithium deposits in history. The discovery comes amid fears that a shift towards electric vehicles would exhaust too much of the world’s supply of lithium—an important component in batteries. This raises an interesting question. Why do we never run out of resources when experts say we will?

Why it probz isn’t the best move to go to a town that wants to pay you.

Six people have so far participated in the sustainability campaign this summer, the Telegraph reported.

Deciphering sunk costs and opportunity costs through Disney's to close its costly Star Wars adventure hotel.

U.S. adults who routinely say hello to their neighbors have higher wellbeing than those who greet fewer or no neighbors.

Diners, who organized via Reddit, are demanding transparency

Thinking on the margin is one of the most fundamental concepts in economics–and a valuable everyday tool for making optimal decisions. For such an important ...

“Most of the stadium public finance research, including mine, has focused on construction subsidies, but this is a good reminder that they are only part of the welfare programs for billionaires lavished on sports team owners.”