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Elasticity is a term that is used to describe the behavior of a material when it is stretched or compressed. It refers to how easily a material can return to its original shape after being subjected to a force. Elasticity is an important property of materials in many industries, from manufacturing to construction. In this section, we provide news, articles, and videos related to elasticity and its applications.
Why are social problems so intractable? We’ve spent trillions of dollars on a war on poverty, and yet we continue to experience widespread homelessness. A recent article in the OC Register provides some interesting data points: Jamboree Housing, an Irvine-based company that builds communities aimed at helping the unhoused, with lower-priced dwellings and services aimed […]
Anti-aging skincare is a personalized approach to maintaining youthful, healthy skin as we age. It involves using a combination of products and techniques that target common signs of aging, such as fine lines, wrinkles, dark spots, and loss of elasticity. The key to effective anti-aging skincare is a consistent routine that includes cleansers, serums, moisturizers, […]
We have a great new MRU video on housing and why it’s so expensive in many dynamic cities. The video is a good introduction to the economics and also to the politics of housing supply. A highlight is a wonderful animation illustrating how increasing demand coupled with inelastic supply leads to competitive bidding among buyers, […]
Can gun buybacks work? Some simple economics suggests, no! The first of our videos on the elasticity of supply, Why Housing is Unaffordable, illustrated inelastic supply. Today’s video on gun buybacks illustrates elastic supply. Our gun buyback video hits the sweet spot for MRU videos—solid economics leading to surprising conclusions illustrated in an entertaining and accurate way. […]
1. Get feedback on your podcast (not to mention your date!) in real time. 2. “Rare” earths are suddenly not so rare in Wyoming (WSJ). “Never underestimate the elasticity of supply!” 3. Inside a prison in El Salvador. And The Telegraph on Bukele. 4. Bad to be bullied. 5. Political donations crowd out charitable donations. […]
“The terms of trade argument for protectionism relies on specific assumptions about the elasticities of demand and supply for a country’s exports and imports. The key elasticity assumptions are: Inelastic foreign demand for the country’s exports: This means that when the price of the country’s exports increases, the quantity demanded by foreign countries does not […]