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 ...

China's swelling ranks of single adults are quietly rewriting the country's consumer playbook. Instead of saving for weddings ...

Water damage has quietly become one of the most expensive threats to modern housing, even in properties that advertise “brand ...

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 ...

Duke Energy met the standard set by the Ohio Public Utilities Commission for the first time in years. But we talked to one man in Over-the-Rhine who said he still sees issues. Dwayne Johnson, Kevin ...

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, ...