I confess….I am an econ nerd. I see its relevancy everywhere. As a teacher, I am always trying to think of ways I can explain economic concepts using every day events not involving a business or money. Here are a few I have used in a classroom. I hope you find them helpful. More
When I think of advances in technology, I think ways to manufacture items more efficiently. I associate technological advances with production rather than marketing. Our British contributor has written a blog discussing how Amazon has used its technology to further its marketing. More
The US farm belt is tightening. Several trends have converged to hurt wheat farmers, but the bottom line is the demand is down and supply is up, resulting in an unsustainable position. More
What is the solution when government corruption leads to the loss of life of many people due to a tainted product? Is it more government regulations? Is it more competition? The primary responsibility of any government is to protect its citizens. Can protection be improved by allowing companies to compete? There is no simple solution, but a story by More