Examining the monetary phenomenon from an economic perspective. — If “pandemic” and “variants” were the buzzwords of 2020 and 2021, “inflation” will certainly be the word by which we remember 2022. Three months into the year, inflation has been a hot topic. A cursory look at recent headlines suggest that inflation is all anyone’s thinking about: From a Fox…

Trying to write the once-in-a-million article — I’ve been writing on Medium for a little over two and a half years now. It’s been an off and on, inconsistent and irregular journey. …

Economics can be a dirty word, especially during an election cycle. Here’s why. — As the study of production, consumption, and the allocation of resources, economics doesn’t seem like it should be a polarizing subject. But like any seemingly benign concept, economics is often surrounded by controversy. …

Why Spotify Wrapped is an ingenious marketing tool — Like many of Spotify’s 365 million monthly listeners, I use the audio streaming platform almost daily. Today was no different. …

Exploring the tragedy of the commons — Who owns the fish in the sea? It seems like a silly question to ask, but it’s a question that economists have been pondering for decades. The right to access natural resources—including living, breathing animals—is a topic that involves scarcity, sustainability, and property rights. …

How the country built the fastest-growing economy among developing nations The continent of Africa has yielded little economic growth in the past half-century. Of the 54 countries within the continent, only have a handful have avoided economic stagnation. …

Explaining the two-factor model — The Heckscher-Ohlin model was developed by the Swedish economists Eli Heckscher and Bertil Ohlin to study how comparative advantage is influenced by the relative abundance of factors within a country. While the Ricardian model of trade accounts for labor as the only factor of production, the Heckscher-Ohlin model accounts for…

Explaining a trade model based on country location and size — The gravity model, initially made popular by the cartographer E.G. Ravenstein in 1889, was originated to study the impact of country size and location on migration patterns. In 1954, economists Walter Isard and Merton Peck expanded the gravity model to examine the impact of country size and location on international…

Explaining one of the oldest models of comparative advantage — In recent articles, I discussed both the benefits of trade and the concept of comparative advantage. As we know, a country has a comparative advantage in producing a good if the opportunity cost of producing that good is lower in that specific country than it is in other countries. …