economics

EconTalk: Taleb on GMOs

Another great EconTalk episode. This time with Mr. Taleb on GMOs and more. He hasn’t necessarily changed my mind, but it’s definitely thought-provoking. At one point near the end Taleb mentions that he is not concerned about anti-biotic use/abuse. That…

EconTalk on Schools and Incentives

Fantastic recent episode of EconTalk. Definitely worth a listen. James Tooley on Private Schools for the Poor and the Beautiful Tree – EconTalk: “One good thing that’s happening because of it–you talked about corruption and so on. If you can…

Arbitrage and Rescue Dogs

This seems hard to believe, but if true, I wonder if they should be charging more for these dogs? The reason I am skeptical is that I get several email messages per week about dogs in area shelters needing homes.…

Why The Butter Shortage?

This isn’t good. Japan faces specter of a butter-less Christmas: “TOKYO — Yes, Virginia, there is a butter shortage. Supermarkets in Japan have been rationing butter since spring because of a shortfall in raw milk production. Now, there’s concern there…

A Gresham’s Law for Magazines?

Maybe I don’t remember the economic term that well, but this story makes me think of Gresham’s Law. Why Magazines In Doctor’s Office Waiting Rooms Are So Old – Co.Design:”Natural selection. A new study finds that people steal the newer…

NPR’s Planet Money on Progress

I often listen to this podcast, NPR’s Planet Money. This recent episode was particularly good. Episode 586: How Stuff Gets Cheaper : Planet Money : NPR: “We tend to get obsessed with things that get more expensive over time —…

Oil and Water Usage …

I’ve seen several columns/articles over the last two weeks (gas under $3 in may places) explaining how low oil/gas prices were actually bad for the economy. And of course we’re also told how high oil/gas prices are bad for the…

Dr. Rizzo Asks Some Minimum-Wage Questions

Dr. Rizzo asks some provocative and frankly uncomfortable questions. Definitely read the entire thing. In fact, check his site out every week, always thought-provoking material. Raise the Minimum Wage, Raise it Now: “Suppose you know someone that, rather than working…