Economic Debates

Most economic decisions can be debated. We have to decide whether we want higher or lower taxes, where to cut government spending, whether the deficit matters, if a business should have more regulation, if marginal analysis should affect environmental regulation. Learning about economics involves defending policy alternatives.

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    Unintended Green Incentives

    Dec 19, 10 • 224 Views • No Comments

    True or False? When we become more energy efficient, we use up fewer resources. This New Yorker Magazine article says maybe. Citing the “rebound effect,” the article briefly takes us back to Williams Jevons, England, and 1865. In a book called The...  [read more]

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    Do You Approve of Profits?

    Dec 18, 10 • 246 Views • No Comments

    Two Questions: 1.How do you feel about profit? In their paper, “Is Profit Evil? Associations of Profit With Social Harm,” 3 University of Pennsylvania researchers discuss two studies that display people’s negative response to profit seeking...  [read more]

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    When Will China and India Catch Up?

    Dec 17, 10 • 266 Views • No Comments

    In one wonderful 4 minute animated video, Swedish professor Hans Rosling shows us how, during 200 years, 200 countries became healthier and wealthier. The turning point for one group of nations is 1810 with the industrial revolution. The next turning point,...  [read more]

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    Are You Middle Class?

    Dec 16, 10 • 261 Views • No Comments

    What is the “middle class?” In a recent NPR interview, a painting contractor, an employee of Healthy Montana Kids, a man who runs a hi-tech robotic firm, and a hospice worker, all earning between $25,000 and $100,000 annually, said they were...  [read more]

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    Virginia and Germany

    Dec 1, 10 • 185 Views • No Comments

    “Where…is the justice of compelling a State which has taxed her citizens for the sinking of her debt, to pay…the debts of other states, which have made no exertions whatever?” This quote, from John Steele Gordon’s,...  [read more]