Discover the Diamond-Water Paradox—why diamonds cost more than water. Learn about subjective value and marginal utility in economic valuation.

Learn how economists measure utility using cardinal and ordinal approaches to understand consumer choices and maximize satisfaction from products and services.

Beckert's book, a sweeping 1,300-page history, synthesizes bits and pieces of the academic literature to recount the ...

Electricity prices can be kept near today’s levels in a post-coal National Electricity Market, but need a system where batteries become the dominant price-forming technology.

Indian brands to rethink how they looked and what change really meant, with rebrands. Design experts dissect what worked and ...

When temperatures plunge, the most expensive damage in your home often starts inside a narrow copper or plastic line hidden ...

Technologists have convinced the European Central Bank and most financial firms that the bond market needs blockchain.

Warren Buffett has spent a lifetime accumulating more money than he could ever personally use, yet he is blunt about how little extra satisfaction it buys beyond a certain point. When he says that ...

Time for your weekly edition of the Defector Funbag. Got something on your mind? Email the Funbag. You can also read Drew ...

In early 2020, the prevailing narrative in the power sector was a continuation story of the developments from the decade ...

The development and adoption of UPI provide empirical evidence that treating digital payments as public infrastructure can produce systems capable of achieving both scale and inclusion. By focusing on ...

Americans are struggling with affordability pressures that are squeezing everything from their everyday necessities to their biggest-ticket expenses. Nearly half of Americans said they find groceries, ...