While visiting a family member at the hospital, I stopped by the gift shop to buy a balloon and a “get well” card. I grabbed a card but there were no balloons. The chatty cashier responded grief-strickenly, “Can you believe it? They say there is a helium shortage. So, we can’t fill up balloons anymore. … Continue reading Balloons Missing From Hospitals
Image Source: The Institute for New Economic Thinking The economics community is mourning the death of another great economist. Dr. Harold Demsetz passed away January 4th at the ripe age of 88. He spent his life working on studying property rights: where they come from, how they are established, and how they affect the world … Continue reading Get Your Hands Off My Things! A Tribute to Harold Demsetz
Happy holidays and Merry Christmas! Do you struggle with getting the right gifts? Maybe it's because of utility! Kathryn and Kenzi discuss how economics helps us understand why giving gifts is just so hard and why every gift exchange should include socks.
By Tina Tomas (Creighton University) Widely regarded to be one of the best shows in television history, Friends is about three young men and three young women who face life and love in New York. Following these six through the tumults of dating, marriage, divorce, kids, and career changes, the show makes us laugh. One … Continue reading The One Where Tina Explains the Economics Behind Friends
By Jessica Feese (Creighton University) Anyone looking to buy a bookstore? Recent news has it Barnes & Noble is on the lookout to sell. Barnes & Noble enthusiasts may treat this as the end of the world, but just look at the facts: Barnes & Noble (B&N) is a company that sells elastic goods. In … Continue reading Barnes & Noble or Barnes & No More?