1 day ago by steve2

Alex Tabarrok at Marginal Revolution, Cowen’s blog, has a nice piece up on public goods and asteroids. Key quotes…… In Modern Principles we use asteroid deflection as our example of a public good. Aside from memorability, the example has two virtues as a teaching tool. First, asteroid deflection is ...

Alexandria - aleksandreia.wordpress.com · Rank: 37,784 · 69 references

4 days ago by tomkapostasy

“For the want of a nail, the shoe was lost; for the want of a shoe the horse was lost; and for the want of a horse the rider was lost, being overtaken and slain by the enemy, all for the want of care about a horseshoe nail.” — Benjamin Franklin Now, more than ever, society must rely on real economic ...

Financial Management - tomkapostasy.com

6 days ago by Economic Logician

Intellectual property for music is rapidly eroding, and the big music labels are complaining loudly about this. They argue that file sharing and other illicit duplication is eroding their revenue and thus the artists' (and some other people's) income. We have shown previously that less copyright is ...

Economic Logic - economiclogic.blogspot.com · Rank: 20,139 · 43 references

14 days ago by tomkapostasy

I’ve noted a pattern in our local government investments. CIB Conseco Fieldhouse, CIB Lucas Oil Stadium, Carmel Clay Parks Monon Center, Indianapolis Airport Authority Midfield Terminal, Carmel Regional Performing Arts Center and the CIB Convention Center Expansion seem to have the same issues. They ...

Financial Management - tomkapostasy.com

18 days ago by James Penstone

These YouTube clips help us to understand some of the ideas to do with Market Failure. Some of the ideas in the first clip are not needed for IGCSE understanding (adverse selection and moral panic). 1) General understanding of Market Failure 2) Negative Externalities Explained Note this uses Margina ...

opengecko.com - opengecko.com

25 days ago by Ariel Goldring

Chris Blattman has linked to an interesting paper on religious identity and economic behavior published a few months ago: We find that Protestantism increases contributions to public goods, and there is suggestive evidence that it increases employee reciprocity in a labor market with incomplete cont ...

Free Market Mojo - freemarketmojo.wordpress.com · Rank: 27,937 · 40 references

28 days ago by Jarrah

Sport. Despite Australia’s rise up the obesity rankings, it holds an important place in our culture and identity. One may quibble that nowadays our self-image of a super-sporty nation is becoming apocryphal, but it’s still a strong belief. It’s not entirely without justification - despite increasing ...

Jarrah Job - jarrahjob.net · Rank: 189,801 · 3 references

37 days ago by kmkremer

A French co-worker recently asked me about the current debate in the US regarding healthcare. He told me that the debate is something that the French just don’t understand. He asked me to give him my opinion about what will happen. “Not what you want to happen,” he said explicitly, but what I think ...

My American - myamerican.wordpress.com

39 days ago by 12th Man

Freeriders must stop treating group assignments as public goods. Group assignments maybe non-exclusive, but they definitely are’nt non-rival.

Thoughts for food... - adiyaen.wordpress.com

42 days ago by Aaron

Can you renounce your state citizenship? In the last two elections Maine voters killed a slew of referendums that would reverse course on an ever-encroaching government, reform our their terrible education system, and allow everyone to share the joy of marriage equally. We Maine is one of ten states ...

Incessant Dissent - incessantdissent.wordpress.com