Everyday Economics and a Tablet, a Commencement, and a Stadium

1. The reasons we stay home from work appear not to have changed very much during the past three thousand years. Then, like now, we needed a work/life balance and perhaps a 4-day workweek:

2. In so many ways, prices give us a message. Unlike command economies that control prices, in a market, prices, high and low, tell us about what we value the most and least.

3. One of the building blocks that creates goods and services, capital typically is most crucial for productivity. As a factor of production, capital includes tools, buildings, and technology. It is not money.

Our Bottom Line: Everyday Economics

  • What should we produce?
  • How should goods and services be produced?
  • Who will get the income?

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Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex.

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