More in Global Economy


4 years

Left-Number Bias: What Firms Haven't Quite Figured Out

"Left- number bias" refers to when people focus on the left-hand number--and thus, why so many prices in stores take the form of $X and 99 cents, rather than rounding up that extra penny. 

4 years

Market Euphoria: Global Slowdown

We are in very interesting times. We live what is probably the most surprising bull market in history.

4 years

Untangling India's Distinctive Economic Story

It's easy enough to explain why China's economic development has gotten more attention than that of India.

4 years

Economics of Refugees

Refugee policy is defined differently from immigration policy.

4 years

The Herfindahl-Hirschman Index: Story, Primer, Alternatives

It seems clear that the concept of what is now is called the Herfindahl-Hirschman Index was originated in 1945 by Albert O. Hirschman, who may be best-remembered today for his 1970 book Exit, Voice, Loyalty, discussing the options available to a dissatisfied group member.

4 years

Telephone Switchboard Operators: Rise and Fall

In 1950, there were 342,000 telephone switchboard operators working for the Bell Telephone System and some independent operators, as well as another 1 million or so telephone switchboard operators who worked at private locations like office buildings, factories, hotels, and apartment buildings.

4 years

Canadian Economists Warn Canadians about Economic Issues in 2020

Canadian economists warn Canada about the upcoming economic issues. 2020 economic forecast was 2%, but there could be a real problem. Economists talk about the possible recession and warn Canadians about it. 2% growth may not be achievable because of the Coronavirus.