Articles on Economics

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Not sure if you’re paying the right price for your tree? The Hotelling equation modified by Faustmann can help. Aleksandra Suzi/Shutterstock

The amazing growth of the Christmas tree

A Protestant tradition with pagan roots, the Christmas tree is now a global phenomenon. It also reveals much about market economics, so let's climb on the sleigh and take a ride around this holiday item…
Your lovable dog has a value of about $10,000, researchers suggest. Javier Brosch/Shutterstock.comr

What’s the value of your dog’s life, and why it matters

Dogs' lives have monetary value, and several researchers recently measured it. Their method shows how research and funding decisions can be made. Just don't tell Bowser he's worth only $10,000.
Announcement of the Nobel Prize in Economics to Abhijit Banerjee, Esther Duflo and Michael Kremer (from left to right on the screen) during a press conference held at the Royal Swedish Academy of Sciences in Stockholm on 14 October 2019. Jonathan Nackstrand/AFP

2019 Nobel Prize in Economics: the limits of the clinical trial method

The 2019 Nobel Prize in Economics pays tribute to randomized control trials, but can they really help us fight poverty?

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