Adam Smith Archives - Econlife (original) (raw)
April 23, 2024
Why a Cruise Ship is Like a Model-T
Because the newest cruise ships are so massive, their owners can take advantage of the economies of scale that optimize efficiency.
November 20, 2023
How To Prepare Three Tons of Food
In Krakow, Poland, hundreds of voluteers implement Ukrainian food distribution by using Adam Smith's division of labor.
June 26, 2023
A New Kind of Traffic Signal
Including Nantucket and the Netherlands, the places that replaced traffic signals with "shared space" had surprising results.
May 16, 2023
New Nudges From the Invisible Hand
Moving from the bottom up, the power of the market gives countless nudges to consumers and businesses that shape their berjavior.
November 3, 2022
The Cornhole BagGate Scandal
At this year's American Cornhole World Championship, the cheating accusations could have the same impact as economic corruption claims.
July 6, 2022
What a Traffic Light Can Surprisingly Signal
Called laissez-faire, Adam Smith's prescription for less government in the economy relates to an island with no traffic lights.
June 30, 2021
When We Don’t Need Traffic Lights
Having recently driven in Manhattan (NYC) and now on Nantucket (an island located 30 miles from the coast of Massachusetts), I’ve been pondering the difference a […]
May 23, 2021
Why We Have a Chores Gap
Especially evident during pandemic lockdowns, at home we have a chores gap that determines who does the housework.
March 28, 2021
Why You Should Bet On a Vaccine
Giving us unbiased insight about the future, vaccine prediction markets can help us predict when the economy could return to normal.
June 24, 2020
Why Water Is a Worry
Looking at Cape Town, South Africa and 12 U.S. cities we can see why the basic water tradeoff involves a choice between conservation and affordability.
January 23, 2020
A Simple Look at the World’s Most Complex Economies
To its detriment, the U.S. might have insufficiently recognized the impact of China's economic complexity in the U.S. China trade deal.
November 28, 2019
What Presidents Added to Thanksgiving Economics
From George Washington to Abraham Lincoln and Franklin Roosevelt to George H.W. Bush, U.S. presidents have influenced Thanksgiving economics.