Asia Sentinel - Malaysia cuts fuel subsidy One of the recurring themes of this blog is the conflict between good politics and good economics. Most of the time in government, smart economic policy is sacrificed in order to achieve political favor with voters. Whether it’s price ceilings on petrol in ...

25 days ago · Welker's Wikinomics Blog · welkerswikinomics.com/blog by Jason Welker 13 references

A couple of quick notes about some basic principles of economics. The first is the law of demand which states that, for most goods, when prices rise, the quantity demanded goes down. Sometime this is relationship is very extreme (very elastic), especially when there are many good substitutes and whe ...

42 days ago · The Oregon Economics Blog · oregonecon.blogspot.com by Patrick Emerson () 12 references

The Associated Press: Gas prices knock bicycle sales, repairs into higher gear Greg Mankiw has an ongoing series of posts linking to articles illustrating the impact that rising gas prices have had on demand in markets other than that of the automobile. The concept of cross-price elasticity of deman ...

53 days ago · Welker's Wikinomics Blog · welkerswikinomics.com/blog by Jason Welker 13 references

UN chief warns world must urgently increase food production - Yahoo! News So you don’t say things that make you sound stupid to people who have studied economics, i.e. AP Econ students. Here’s UN chief Ban Ki Moon speaking at a UN conference in Ghana this week: “One thing is certain, the world has c ...

74 days ago · Welker's Wikinomics Blog · welkerswikinomics.com/blog by Jason Welker 13 references

In recent years coffee consumers may have noticed more and more cafes are offering “fair trade” coffee as an option. Usually, for an extra 10 or 20 cents per cup, you can get a beverage made from beans that were grown by farmers earning living wages and working in safe and sustainable environments. ...

122 days ago · Welker's Wikinomics Blog · welkerswikinomics.com/blog by Jason Welker 13 references

Kite Powered Ship Sets Sail for Greener Futhre - Guardian.co.uk A German engineer has given an old technology new life to help make trans-oceanic shipping greener and least costly. A cargo ship pulled by a giant, parachute-shaped kite will leave Germany on Tuesday on a voyage that could herald a new ...

152 days ago · Welker's Wikinomics Blog · welkerswikinomics.com/blog by Jason Welker 13 references

September Eleventh shattered what meant most to anyone: safety and freedom from danger. 911 made it now possible for terrorists to strike us in not only our hearts, with fear of personal injury, but in our minds we have this sort of fear mentality in which it is now possible for terrorists to destro ...

513 days ago · Nathan Guannan Zhang · nathanzhang.wordpress.com by Nathan Zhang