Economics

Six accomplished pilots would lose their lives before Charles Lindbergh (above, atop the cockpit) became the first to fly nonstop from New York to Paris—in May 1927 and win the Orteig prize of $25,000 [about $350,000 today].

What Are the Economic Incentives to Invent?

Prizes and patents may fulfill different needs, but together they fuel innovation

Neither is the U.S.

There's a New Ranking System For Best Countries to Live In, and Norway Isn't Number One

Most researchers use the UN's Human Development Index to measure each country's progress, but that system has flaws. A new index aims to do it better

One-fifth of the men who presided over the Roman Empire were assassinated

Why Roman Emperors Were More Likely to Be Assassinated During Droughts

Low rainfall leads to poor harvests, starving troops, more mutinies and higher risk of regicide

If you've waited this long for it, it must be good, right?

Both Mice and Men Struggle to Abandon Their Best-Laid Plans

Rodents suffer from the same sunk cost fallacy that makes it so hard for humans to call it quits

The long-barreled pistols will be on view at the Postal Museum from May 25 through June 24.

Hamilton and Burr’s Dueling Pistols Are Coming to Washington, D.C.

Don’t throw away your shot to see these infamous flintlocks, and an incredible assortment of other Hamilton memorabilia, at the National Postal Museum

In the late 19th century, the Democratic Party (represented here by Grover Cleveland and his running mate Adlai Stevenson) was the party of free trade, while the GOP was the faction of harsh tariffs. By the late 20th century, these roles had completely reversed.

A History of America's Ever-Shifting Stance on Tariffs

Unpacking a debate as old as the United States itself

A gun manufacturer in Birmingham in the 19th century.

How British Gun Manufacturers Changed the Industrial World Lock, Stock and Barrel

In ‘Empire of Guns,’ historian Priya Satia explores the microcosm of firearm manufacturing through an unlikely subject—a Quaker family

Thanks to its neutral taste, cricket flour hides well in oatmeal and baked goods. But a Canadian grocery chain isn't hiding its unusual ingredient: it's putting a picture of a cricket on its logo.

Why Canada Wants You to Know You’re Eating Crickets

In some countries, insects may finally be getting their due as affordable, nutritious protein sources

A sunny day in Finland, the world's happiest country in 2018 according to new UN report.

UN Report Finds Finland Is the Happiest Country in the World

In the 2018 World Happiness Report, Finland scored high on six key variables

Inside the Colorado Vault That Keeps Your Favorite Foods From Going Extinct

From heirloom potatoes to honeybee sperm, this collection works to preserve our invaluable agricultural diversity

Will structures like the Gangneung Ice Arena be worth the investment once the games wrap up?

Does Pyeongchang Have a Future As a Winter Sports Destination?

South Korea may fall short of its lofty goal to transform the region into an Asian hub for snow and ice sports

The Archaeology of Wealth Inequality

Researchers trace the income gap back more than 11,000 years

Ounce for ounce, this bird is worth more than gold.

How the Arrival of One Bird Brought $223,000 to a Pennsylvanian Town

The rare black-backed oriole showed up outside Reading, Pennsylvania, and birdwatchers flocked to the scene

An engraving from later in the 1880s shows rioters burning an orphanage for black children.

The Civil War Draft Riots Brought Terror to New York’s Streets

This dark event remains the largest civil insurrection—the Civil War itself aside—in American history

The Tulip Folly

There Never Was a Real Tulip Fever

A new movie sets its doomed entrepreneurs amidst 17th-century “tulipmania”—but historians of the phenomenon have their own bubble to burst

Sunita Narain has been working for climate justice with the New Delhi-based Centre for Science and Environment since 1982.

How an Environmental Activist Became a Pioneer for Climate Justice in India

Reducing India’s emissions will take more than science—it will take a new paradigm of de-colonialism, says Sunita Narain

Developers are breathing new life into indoor shopping malls.

The Transformation of the American Shopping Mall

Headlines claim malls are dying, and some are. But many others are having second lives as churches, schools, hospitals, even farms

Aftermath of the fire at Imperial Foods processing plant in Hamlet, North Carolina

The Deadly 1991 Hamlet Fire Exposed the High Cost of “Cheap”

A new book argues that more than emergency unpreparedness and locked doors led to the deaths of 25 workers in the chicken factory blaze

As author Tim Harford writes in his new book, sometimes the most important inventions are not the flashy ones.

From Lightbulbs to Mutual Funds: Tim Harford on Inventions That Changed the Modern Economy

Paper, the gramophone, double-entry bookkeeping, and barbed wire all make the list

Exclusively feeding in the wild on blood from live animals, vampire bats, native to Central and South America, can regurgitate blood in order to feed one another, though they won't do this for just anyone.

What a Vampire Bat Can Teach Us About the Economics of Friendship

A Smithsonian scientist says important lessons about making friends and sharing can be learned from these blood-sucking creatures

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