Economic Way of Thinking

Journal of Happiness Studies - Using PISA 2018 data from nearly half a million 15-year-olds across 72 middle- and high-income countries, this study investigates the relationship between economic...

Don’t worry: The fine went to one of the richest people in Finland.

Whether or not to fork over the money has divided various groups in Nevada, which relies on tourism and entertainment for a disproportionate share of its economy.

A proposal to help finance a new ballpark for Major League Baseball's Athletics in Las Vegas has revived nationwide debates about public funding for private stadiums. And that has pitted Nevada’s powerful tourism industry and labor unions against some progressive groups, raising concerns about ceding tax revenue when services such as public schools are funded below the national average. Proponents say the proposal could create new jobs, increase the state’s general revenue and further diversify the city's casino and gaming-based economy. But skeptics warn of empty promises, citing growing evidence that minimal dollars generated from the new stadium would not otherwise be spent among nearby resorts and restaurants.

Is a healthy Buxton -- without his glove -- more valuable than risking injury with him in the outfield? So far, Minnesota is betting on it.

pic.twitter.com/EsdaVSKmdI— J.C. Bradbury (@jc_bradbury) March 28, 2023

You can get a free 55-inch flat-screen, but you’ll have to surrender your data and watch constant ads.

The tech company Oracle has agreed to take on $175 million worth of infrastructure development in return for substantial tax breaks. However impressive that number may sound, it’s only pennies compared to the full price of the project. The NFL and Tennessee Titans have also pledged to pay roughly $840 million to help cover the cost of a new stadium. While this is admittedly a good chunk of change, that still leaves well over a billion dollars to Nashville and the state of Tennessee.

The state needs to up its economic development game to compete among states that are growing, Business Leaders for Michigan says. Doing so will require setting a long-term education and business development plan.

New data shows why it can be so hard to get things done.

Oof, family vacation off to a bad start? It’s probably because you’re trying to save money during your trip, because you spent too much planning your trip. A...

NYC has seen a rise in Kia and Hyundai thefts.

This game is designed to teach one of the most important fundamental concepts in economics: The idea that incentives matter and people will change their behavior in a predictable way when their incentives change.

The massive post-pandemic price burst has harmed Americans’ ability to take the prudent financial steps that could set them up for success in the long run.

Professional sports drafts are designed to promote parity and competitiveness among teams, with the worst-performing teams getting the top picks in the next season. However, this well-intentioned system has been plagued with misaligned incentives that have led to tanking and other forms of unsportsmanlike behavior. Recent events in the NBA and NFL drafts highlight these problems and their economic implications.

The decision to have or not have children isn’t made in isolation.

Typical time use varies by who you talk to. This interactive shows you the differences when you vary age and sex.

“I’m sorry, Dave”… I might take your job. Walmart said it expects 65% of its stores to be serviced by automated distribution centers by the end...

Socioeconomic disparity is just as influential as climate change and population growth when it comes to explaining why so many cities are struggling with their water supply, researchers say.

The South Korean government wants shut-in kids to leave the house and go outside.

The handheld cellphone is 50 years old and has become an essential multi-tool that helps us run our lives. But is it altering the way our brains work?

Parking lots are about one-fifth of all land in U.S. city centers, making them "easy to get to, but not worth arriving at."

The limited edition flavor will sell for $1.18 at Walmart.

The Asian nation has already spent $200 billion trying, and failing, to boost fertility rates

A monastic brewery in East Germany says it's created the first powdered beer. Just add water, and it'll froth up, complete with a foamy head and full flavor. The result promises massive savings on transport, because it can be shipped at 10% of the weight.

Seventeen people die every day waiting for organ transplants in the U.S.

There is no $75,000 income happiness threshold, psychologists Daniel Kahneman and Matthew Killingsworth say. For most in the U.S. earning up to $500,000, more money can bring greater satisfaction.