Economist James Buchanan has passed away. Buchanan, along with Gordon Tullock, won the Nobel Prize for Economics in 1986 and is known for his work on public choice theory. You can read his N...
http://valuingeconomics.blogspot.com/2013/01/james-buchanan-1919-2013.html
It's early in the semester and many of us who are teaching principles or survey courses are either just into choice or only recently moved on. Here's a great article from today's edition of THE ...
Courtesy of Wondermark. http://wondermark.com/842/
http://valuingeconomics.blogspot.com/2012/06/self-interest-vs-social-interest.html
Our natural propensity to "truck and barter" as Adam Smith would say: http://www.gocomics.com/frankandernest/2012/04/30 (HT to GREG MANKIW )
http://valuingeconomics.blogspot.com/2012/05/our-natural-propensity-to-truck-and.html
This is not appropriate for use in high schools. However, those of you who teach at the college or university level may find this helpful. Econgirl at ECONOMISTSDOITWITHMODELS has a great illus...
http://valuingeconomics.blogspot.com/2012/03/non-price-determinants-of-demand.html
If you discuss the Chevy Volt with your students, you might want to use this . (HT to CARPE DIEM .)
http://valuingeconomics.blogspot.com/2012/03/sometimes-simplest-answers-are-best.html
Greg Mankiw posts a great piece from a colleague at the University of Chicago. Generation Gap Alert: I just talked about this with my freshmen at one of the universities where I teach. None of...
http://valuingeconomics.blogspot.com/2012/02/abbot-and-costello-explain-unemployment.html
You may want to check out these two links (HT to CARPE DIEM ): http://www.youtube.com/watch?v=kDbcboJwuPc http://fosslien.com/heart/
http://valuingeconomics.blogspot.com/2012/02/economics-of-valentines-day.html
First, I know it's been a long time between posts - life isn't always what we want. I frequently come across items that should be brought to your attention. But due to other factors, I have to...
http://valuingeconomics.blogspot.com/2012/02/economic-systems-and-institutions.html
Actor/writer Rick Moranis has a very amusing piece in the opinion section of today's edition of THE WALL STREET JOURNAL. What struck me was how good it would be in setting up a discussion of opp...
http://valuingeconomics.blogspot.com/2012/01/honeyi-may-have-shrunk-economy.html
Which of Schumpeter's five roles of the entrepreneur is/are illustrated here ?
http://valuingeconomics.blogspot.com/2011/12/mark-of-entrepreneur.html
First, I'm a bit late with this, but for those of you who haven't sought it out already, PNC BANK has it's CPI (CHRISTMAS PRICE INDEX ) up and running, showing the price changes in the gifts from...
http://valuingeconomics.blogspot.com/2011/12/two-items-of-interest.html
I suspect many of you are busy today. Our family had our dinner yesterday because one of my sons is working on Thanksgiving Day. But when you get a chance, you might want to review this column ...
http://valuingeconomics.blogspot.com/2011/11/invisible-hand-and-thanksgiving.html
As we approach year's end and the traditional holiday season, and with the failure of the Supercommittee to achieve anything of substance beyond finger-pointing, here is something courtesy of XKC...
http://valuingeconomics.blogspot.com/2011/11/putting-things-in-perspective.html
Captain Renault is shocked.
http://valuingeconomics.blogspot.com/2011/11/from-last-nights-60-minutes-on-cbs.html
Here's an editorial from today's edition of THE WALL STREET JOURNAL that describes the process simply.
http://valuingeconomics.blogspot.com/2011/11/rent-seeking-101.html
Here is a link to a Luann comic strip that offers a chance to really explore choices, trade-offs, opportunity cost and even psychic income. http://www.gocomics.com/luann/2011/11/13
http://valuingeconomics.blogspot.com/2011/11/happiness-can-make-you-miserable.html
Here is a piece from BLOOMBERG BUSINESSWEEK (HT ARTS & LETTERS DAILY ) on how behavioral economists may have shaped a tax policy. The summary of the research is that the plan didn't work. Howeve...
http://valuingeconomics.blogspot.com/2011/11/behavioral-economics-and-tax-cuts.html
COURTESY OF WWW.XKCD.COM
http://valuingeconomics.blogspot.com/2011/11/in-long-run.html
Here's a funny video (HT ECONLOG ) with a comedian explaining how to use Halloween candy to explain taxes. It's a great visual, although the last line is over the top.
http://valuingeconomics.blogspot.com/2011/11/taxes-and-halloween-candy.html
I've been too busy lately. I've found some time to read, but precious little to blog. So this is about a week overdue. This article (HT to MARGINAL REVOLUTION ) is really a wealth of opport...
http://valuingeconomics.blogspot.com/2011/10/voting-externalities-and-invisible-hand.html
There is a very good short essay by Dan Altman over at BIG THINK . It deals with the dual mandate faced by the Federal Reserve. For those of you who are unfamiliar with the term, the Fede...
http://valuingeconomics.blogspot.com/2011/10/dual-mandate.html
Opportunity cost, cost/benefit and marginal analysis, it's all here .
http://valuingeconomics.blogspot.com/2011/10/decisions-and-analysis.html
As we know, cyclical unemployment can become structural if prolonged. And as labor costs rise, there is an incentive for firms to increase the capital/labor ratio rather than hire workers. Thi...
http://valuingeconomics.blogspot.com/2011/10/productivity-structural-unemployment.html
THIS may have been more appropriate as an exam question in an earlier age; nevertheless, it is clever - even with the problems with details. (HT to MARGINAL REVOLUTION )
http://valuingeconomics.blogspot.com/2011/10/trade-politics-of-middle-earth.html