Uber implements “dynamic pricing,” which some customers see as price gouging. There is plenty of press these days on the pros and cons of the so-called “sharing economy.” Consider the diverse takes last week from MIT Technology Review, the New York Times, and the Kansas City Star.
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The consumer “sharing economy” gives us a taste of what it’s like to live in a world where we own less. There’s a tremendous change going on right now in our society. Those of us who enjoy services like Uber and Kickstarter are experiencing it firsthand. The sharing and collaboration practices of the internet are […]
Obamacare is not universal health care. If the American health care system were to break off from the United States and become its own economy, it would be the fifth-largest in the world. “It would be bigger than the United Kingdom or France and only behind the United States, China, Japan and Germany,” says David […]
In the last ten years, the increase in global imbalances has posed a theoretical challenge for international macroeconomics. Why did some less-developed countries with a higher need for capital, like China, lend to richer countries?
Caesar Augustus died two thousand years ago, on August 19, 14 AD. He was Rome’s first emperor, having won a civil war more than 40 years earlier that transformed the dysfunctional Roman Republic into an empire. Under Augustus and his successors, the empire experienced 200 years of relative peace and prosperity. Here are 40 maps […]
One hundres dollars goes further in some states than others. A map released by the Tax Foundation, via Elliot Turner, shows the relative value of $100 in every state compared with the national average using the data from the Bureau of Economic Analysis.
GDP growth The is growth of the U.S. economy still so slow and weak? One reason is that average American consumers account for the vast majority of the spending in the economy and they are still strapped.
Piecemeal labor has taken on a shinier veneer under new rubrics: the sharing economy, the peer economy, the collaborative economy, the gig economy. Jennifer Guidry was in the driveway of her rental apartment just after 4 a.m. on a Friday while most of the neighbors in her leafy Boston suburb were still asleep. Her blond […]
“Can Google ever be beat?” That question was really less about Google and more about the potential of startups to disrupt the largest companies in our economy. Do we have the talent and capital needed for these companies to grow and compete against mature companies?
Thousands of luxury cars are being abandoned every year since Dubai’s financial meltdown. Dubai over the last several years has been facing an unusual problem of high end sports cars being abandoned and left to gather thick layers of dust at airport parking lots and on the roadside across the city. If you’ve ever been […]