Economics

For eight years, Michael Ojeda delivered food for a Pizza Hut in Ontario, California, using the income he received to support his family. In December, the 29-year-old received a letter from the pizza franchise informing him that his employment was being terminated in February. The news shook him. “Pizza Hut was my career for nearly

🚨Deepfakes are getting too real in an election year.Don't believe everything you see🤯7 wild examples you cannot miss:1. AI-generated Barack Obama has a message for youpic.twitter.com/eOjm4akI9S— Min Choi (@minchoi) March 28, 2024

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.

NCAA President Charlie Baker called on states to prohibit prop betting on college sports games.

The star standouts in this year’s NCAA tournament aren’t teenage sensations bound for the NBA. Instead, they’re some of the oldest players on the court.

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

There’s a common perception that economics is about material prosperity. That’s certainly part of it, but it’s also about creating a better world where people can thrive.

Question of the Day for teachers and students (Updated): What 3 jobs are projected to be the fastest growing over the next decade?

March 21, 2024 the United States filed an antitrust complaint against Apple. The filing is a new approach to antitrust and hinges on mostly how Apple chose to design the iPhone from the very start.

Housle game

This graphic illustrates the biggest stock markets by country, providing a unique breakdown of $110 trillion in valuation.

The World Happiness Report describes happiness across countries as an indicator of societal progress, explores the factors of happiness, and goes beyond traditional measures by providing in-depth analysis into wellbeing and its drivers across the globe.

Governor Bill Lee signed the Ensuring Likeness Voice and Image Security (ELVIS) Act, which updates the state’s right of publicity laws that dictate how a person’s likeness can be used. The ELVIS Act expands the law to protect voice, too, in the age of AI clones. In 2023 I wrote about the patchwork system of right of publicity laws in the US. Tennessee — with its significant entertainment industry — has some of the strongest laws in the country.

Decades ago, the Nobel Prize-winning F.A. Hayek observed the Kafkaesque logic of trying to usher in a more equal society by treating people unequally.

For decades, sitting was both a job and a rite of passage. Now it feels more like a symbol of a bygone American era.

So-called point-of-sale donations have sharply increased in recent years, bringing in hundreds of millions a year. But the requests to "round up" your bill for charity have really taken off.

Michigan women earn almost 20 cents less per dollar than their male counterparts, while having less opportunity to work full-time.  That’s according to the second Women in Michigan Workforce Report, a collaboration of the Michigan Women’s Commission and the Michigan Center for Data and Analytics. Released Monday, the report concluded that while women make up […]

Preface When a socialist says he wants to give you “the ABC’s of socialism,” you can be sure that’s as far into the alphabet as he’ll want to go. Happy talk, vague promises, political programs, perhaps an angry, envy-soaked tirade or two against the rich—but not much at all about where all that leads. That […]

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.

Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending.

The more time students spent in remote instruction, the further they fell behind. And, experts say, extended closures did little to stop the spread of Covid.

A lesson in critical thinking I got in undergrad: Econ 1 prof hands us an article about airlines overbooking & offering money at the gate to bump passengers. Article argues we should ban this. Reasoning is that it’s exploitative: poorer people overwhelmingly more likely to get… https://t.co/gvipmWUJ7J— Ilya Abyzov (@IlyaAbyzov) March 17, 2024

Future expectations are a shifter of demand pic.twitter.com/3xBoY7sCKq— Jacob Clifford (@JacobAClifford) March 18, 2024

Thirty‐​two terrible U.S. spending policies are going head‐​to‐​head in a classic, single‐​elimination tournament format. And you get to decide the worst of the bunch.

America desperately needs more pipe experts as young people snub the profession.

What can price theory reveal to us about this archaic institution?

Amazon suffered more than $700,000 in losses at the hands of one refund fraud ring indicted last year, according to court documents.