From This Collection

A way to save both lives and the economy during the COVID-19 pandemic

Nobel laureate and NYU professor Paul Romer says there's a path forward that limits the spread of the virus while letting most people get back to work over time.
"If we spent $100 billion right now, on protective gear and testing, we wouldn't be faced with a choice of let hundreds of thousands of people die or kill the economy," Nobel Prize-winner Paul Romer says.
Scott Olson/Getty Images

The economics behind why toilet paper is sold out

Mar 19, 2020
Coronavirus household shortages, explained.
Raising prices might curb panic-buying, but it’s also price gouging.
Daniel Slim/AFP via Getty Images

Is health care a "private good" or a "public good" during a pandemic?

Mar 13, 2020
Dan Mendelson, founder of healthcare advisory consultancy Avalere Health, argues that healthcare is a legitimate public good in times of pandemics.
A sign directing visitors to the fever clinic is pictured at the entrance to the Gold Coast University Hospital in Australia.
Patrick Hamilton/AFP via Getty Images
"Pirate articles," or contracts that stipulated compensation, were sort of like worker cooperatives of their time.
Bruce Miller/AFP/Getty Images

"Scarcity" and why we don't have a 15-hour workweek

Feb 27, 2020
Boston College professor Juliet Schor explains why the U.S. has never had anything close to a 15-hour workweek.
English economist John Maynard Keynes, center, thought his grandchildren would be working 15-hour workweeks.
Hulton Archive/Getty Images

Keeping up with the Joneses is expensive

Feb 27, 2020
We're working more than we really need to.
The arms race over consumption is what drives people in wealthy countries to work more than they really need to.
Preston C. Mack/Getty Images

What the Beatles taught us about tax policy

Feb 20, 2020
The Fab Four were saying something about British public policy with the lyrics, "There's one for you / Nineteen for me."
The Beatles pose at the BBC Television Studios in London before the start of their world tour in 1966.
Central Press/Getty Images

For public good, not for profit.

A lesson in game theory brought to you by daytime TV

Although it can seem like a daunting concept, we've all used game theory in everyday life.
"Golden Balls," hosted by Jasper Carrott, aired during the day on Britain's ITV between 2007 and 2009.
YouTube/ITV

The three C's of historical economic growth

The economic boom of the 19th century cannot be attributed to capitalism alone, according to professor Homa Zarghamee.
A Newcastle coal wagon of 1773 on a railway line from "A Picture History of Railways" by C. Hamilton Ellis.
Hulton Archive/Getty Images

What Econ 101 leaves out

Feb 6, 2020
The world is probably more complicated than your textbook told you.
Martin Bureau/AFP/Getty Images