Best Economics Articles & Videos on the internet • Discoverology

Economics

Read the best economics articles from around the internet, or watch the most insightful economics videos from platforms like Youtube, Vimeo or leading economics publishers like The Economist, Bloomberg, Quartz, Fortune and many more.

Why You Spend So Much Money At IKEA

Why You Spend So Much Money At IKEA

Economics, Psychology, Videos

IKEA’s “aesthetic per dollar” ratio is very high, says neuromarketer and author of “The Buying Brain” Dr. A. K. Pradeep. Ikea’s affordable style is its “category-busting-metric,” or what makes it stand out from all the other brands in that space, he says.

The Invention Of Money

The Invention Of Money

Business, Economics, History, Long Reads

When the Venetian merchant Marco Polo got to China, he saw many wonders. One of the things that astonished him most, however, was a new invention, implemented by Kublai Khan, a grandson of the great conqueror Genghis. It was paper money, introduced by Kublai in 1260.

The Radical Plan To Save The Planet By Working Less

The Radical Plan To Save The Planet By Working Less

Economics, Life

The degrowth movement wants to intentionally shrink the economy to address climate change, and create lives with less stuff, less work, and better well-being. This new accounting of economic success would focus on access to public services, a shorter work week, and an increase in leisure time. But is it a utopian fantasy?

America Is About To Witness The Biggest Labor Movement It’s Seen In Decades

America Is About To Witness The Biggest Labor Movement It’s Seen In Decades

Business, Economics

The past four decades have been perhaps labor’s weakest since the Industrial Age. For a half-century, those working for hourly wages have won almost no real gains. The real average hourly wage in 2018 dollars adjusted for inflation was $22.65 in 2018, compared with $20.27 in 1964 — just an 11.7% gain.

Why Airplane Boarding Got So Ridiculous

Why Airplane Boarding Got So Ridiculous

Economics, Explainers

Airlines were focused on finding the fastest possible boarding method, so planes can spend less time at gates and more time in the air, making money. They might have stuck with that aim if it weren’t for the other change, which has to do with the fight for overhead bin space.

What Do We Call Boomers Who Are Just As Screwed As Millennials?

What Do We Call Boomers Who Are Just As Screwed As Millennials?

Economics

The rise of hustle culture is often attributed to millennials, but when it comes to grinding in the gig economy these days, Boomers are leading the way. According to Uber, 25 percent of its millions of workers are over 50, with more drivers over 50 than under 30. Meanwhile, Boomer homeowners are the fastest growing demographic for Airbnb.

How Rwanda Is Becoming The Singapore Of Africa

How Rwanda Is Becoming The Singapore Of Africa

Economics, Videos, World

Rwanda is now the 15th fastest growing economy in the world as its government has set out a clearly defined mission—they want to become the Singapore of Africa. To understand what this means, though, you have to understand what Singapore is.

Franck Bohbot

Inspiration
Franck Bohbot
How The 0.001% Invest

How The 0.001% Invest

Business, Economics

Global finance is being transformed as billionaires get richer and cut out the middlemen by creating their own “family offices”, personal investment firms that roam global markets looking for opportunities.

Give Me Capitalism Or Give Me Death

Give Me Capitalism Or Give Me Death

Economics, Politics

Politicians are floating the idea that the economy supersedes the needs of living, breathing human beings; cruise and airline companies are demanding bailouts and full control over the terms; senators are doing crimes in broad daylight; and billionaire corporatists who did the same are asking regular people for money.

The Great American Tax Haven: Why The Super-Rich Love South Dakota

The Great American Tax Haven: Why The Super-Rich Love South Dakota

Business, Economics, Long Reads

Last year billionaire Sun Hongbin quietly transferred $4.5bn worth of shares in his Chinese real estate firm to a company on a street corner in Sioux Falls, South Dakota. Thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.

What Does A Cashless Future Mean?

What Does A Cashless Future Mean?

Economics, Politics, Videos

Operating in cash costs countries about 0.5% of their GDP every year. But cost isn’t the only incentive to move towards a cashless future. Many countries are going cashless at great speed. What are the advantages of ditching hard cash and what are the dangers?

The Dictatorship Of Data

The Dictatorship Of Data

Economics, History

Big data is poised to transform society. Yet big data also exacerbates a very old problem: relying on the numbers when they are far more fallible than we think. Nothing underscores the consequences of data analysis gone awry more than the story of Robert McNamara.

The Case Against Boeing

The Case Against Boeing

Business, Economics, Long Reads

In the wake of the 737 MAX disasters, caused by a software feature, Boeing and regulators initially placed blame on the planes’ pilots. Since Samya Stumo’s death in a 737 MAX crash, her parents and her great-uncle, Ralph Nader, have devoted themselves to proving that the company put profit over safety.

The British Once Built A 1,100-Mile Hedge Through The Middle Of India

The British Once Built A 1,100-Mile Hedge Through The Middle Of India

Economics, History, Nature

There was nothing charming about what the British built. It wasn’t meant to protect anything except imperial revenue. It grew along the Inland Customs Line, a bureaucratic barrier that the British created to impose a high salt tax on the people living on one side of the line—the relatively saltless one.

The Economy Of Italy, Has The Luck All Run Out?

The Economy Of Italy, Has The Luck All Run Out?

Economics, Explainers, Videos

Once the seat of the roman empire, it is now home to a surprisingly robust yet temperamental economy. The economy of Italy followed a path very similar to that of Germany’s all be it with a little more flamboyancy which has found them where they are today.

Austin Rossborough

Inspiration
Austin Rossborough
From 2nd Poorest Country To Fastest Growing Economy in the World

From 2nd Poorest Country To Fastest Growing Economy in the World

Economics, Videos

This video takes a look at Sir Seretse Khama, the man that oversaw Botswana’s transformation from to 2nd poorest country in the world to the fastest-growing economy. Botswana today is the world’s largest producer gem diamonds and is one of only a handful of middle-income countries in sub-Saharan Africa.

Life Under The Algorithm

Life Under The Algorithm

Business, Economics, Life, Long Reads

Increase your output, get paid more. Wages go up with productivity. Until, it turns out, they don’t anymore. The unwinding of this agreement in recent decades, such that workers must continue to produce more without expecting it to show up in their pay stubs, has now been the subject of a good deal of discussion and debate.

How America’s Biggest Theater Chains Are Exploiting Their Janitors

How America’s Biggest Theater Chains Are Exploiting Their Janitors

Art, Economics

The major chains — AMC, Regal Entertainment and Cinemark — no longer rely on teenage ushers to keep the floors from getting sticky. Instead, they have turned to a vast immigrant workforce, often hired through layers of subcontractors. That arrangement makes it almost impossible for janitors to make a living wage.

Why Bigger Planes Mean Cramped Quarters

Why Bigger Planes Mean Cramped Quarters

Business, Economics, Explainers

The current Boeing 737s, the world’s most flown craft, are all longer than the original by up to 45 feet. And yet, on the inside, we’re getting squeezed. That’s because more space doesn’t equal more space in Airline World. It equals more seats—and typically less room per person.

Nina Dodd

Inspiration
Nina Dodd
Why Prices Differ Around the World

Why Prices Differ Around the World

Economics, Explainers, Videos, World

If you have ever traveled somewhere, especially to countries that are either a good deal richer or poorer than your own, you might have noticed that some places are certainly a lot more expensive than others. There seems to be a strong correlation between the average wealth of a country and the cost of goods and services.

The Birth-Tissue Profiteers

The Birth-Tissue Profiteers

Economics, Health

How well-meaning donations end up fuelling an unproven, virtually unregulated two-billion-dollar stem-cell industry. An industry has sprung up in which specialized clinics offer miracle remedies from poorly understood stem-cell products.

Use A 'Fake' Location To Get Cheaper Plane Tickets

Use A 'Fake' Location To Get Cheaper Plane Tickets

Economics, Explainers

I can’t explain airline pricing but I do know some plane tickets can be cheaper depending on where you buy them or, even better, where you appear to buy them from. This is all about leveraging foreign currencies and points-of-sale to your advantage.

Mapping America's Stark Wage Inequality

Mapping America's Stark Wage Inequality

Cities, Economics, Politics

One of the most important economic stories of the past couple of decades is the rise of economic inequality in the United States and around the world. Since 1980, economists say, wage growth for the highest-paid workers has been roughly triple that for the lowest paid. In some cities, the disparity is wider.

The Decoy Effect: How You Are Influenced To Choose Without Really Knowing It

The Decoy Effect: How You Are Influenced To Choose Without Really Knowing It

Business, Economics

The decoy effect is defined as the phenomenon whereby consumers change their preference between two options when presented with a third option – the “decoy” – that is “asymmetrically dominated”. It is also referred to as the “attraction effect” or “asymmetric dominance effect”.

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