Thursday, December 29, 2022

The Ants Story

Just discovered the 2018 post of Prof. Elaine Schwartz in her econlife's blog. A good observation on efficiency to carry forward to 2023.  

Excerpt:

"When fire ants build the underground vertical tunnels that access the mounds where they live, they don’t want everyone to pitch in. Instead they depend on just 30% of their labor force. In a container, scientists even observed 10 or 15 ants hard at work while 130 or so “relaxed...”









Image credit: Marty Buccella via CartoonStock


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Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.