sc 5 days ago Are Imports Bad? The Case of the Blueberry (+ blueberry muffins) Imports – goods produced in other countries but sold “here” (in this case that’s the U.S.). They come up in the news a lot – are they d...
sc Feb 17 Driving Demand and Saving Soda It’s hard for me to go anywhere now without thinking about what I could write a blog post on. Take my trip to Waco a few weeks ago. I w...
sc Jul 25, 2020 COVID-19: Lumber, Pools, NYC Suburbs, & Gingerbread Houses: Unexpected Winners during a Pandemic What did everyone do when the pandemic first hit and people were spending hours and hours at home? At first, the baking started (see bak...
sc Jul 12, 2020 COVID-19: Maryland Crabs versus Maine Lobsters: Two crustaceans, Two different problems I read this really interesting article in the NY Times about the Maine lobster industry. The lobster market is struggling due to a drama...
sc Jul 2, 2020 “Bang for Buck” and Regular vs. Instant Grits The movie “My Cousin Vinny” has a fan club of lawyers and judges who love to quote the movie and use it as an example of effective cross-...
sc Apr 22, 2020 COVID-19: Foreign Labor & Strawberries Nothing beats biting into a strawberry and having the juices drip down your chin. But have you ever stopped to think about where these s...
sc Apr 17, 2020 COVID-19: Crossing State Borders & Homemade Vanilla Extract One of the first lessons in an economics class is “People respond to incentives.” This concept is quite intuitive. When you were a child...
sc Apr 5, 2020 COVID-19; Flour, Yeast, and Milk; Elasticity of Supply It’s April 4th, 2020 and governments across the country and the world are telling their citizens to stay home and not to congregate in gr...
sc Feb 13, 2020 Red Roses and Chocolate Cookies on Valentine’s Day One of the first lessons you learn in an economics class is that as the demand for something goes up, so does the price. Now, why is that...
sc Oct 3, 2019 Supply Curve of Chocolate Chip Cookies (Vegan) Back in graduate school, I offered to make cookies for the student events so that they didn’t have to buy the store-bought ones. The firs...