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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    Women and Competition

    Dec 30, 10 • 286 Views • No Comments

    Just a comment today on a study about females and competition. Comparing a matrilineal society in India to a patriarchal society in Tanzania, a 2007 study revealed a huge difference in how much women compete. These quotes are wonderfully representative: From...  [read more]

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    Different Kinds of Capitalism

    Dec 29, 10 • 334 Views • No Comments

    How much does Chinese capitalism resemble U.S. capitalism? In a New Yorker article, journalist John Cassidy suggests that China’s combination of authoritarianism and capitalism is somewhat similar to our own history. Reminding us of our...  [read more]

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    Grade Bubbles

    Dec 27, 10 • 303 Views • No Comments

    At the University of North Carolina (UNC), the average G.P.A. was 2.49 in 1967 and 3.21 in 2008. Are we 25% smarter? In a 2003 Washington Post article, one of the nation’s grade inflation experts, Stuart Rojstaczer, then a Duke professor, explained his...  [read more]

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    Sounds Like Pistachios

    Dec 25, 10 • 249 Views • No Comments

    “Remember the pistachios,” is a memorable line from a novel by economist Russ Roberts. In the first several pages of The Invisible Heart: An Economic Romance, a teacher says you have been given a room filled 5 feet high with pistachio nuts. The...  [read more]

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    Education Matters

    Dec 21, 10 • 319 Views • No Comments

    The NY Times tells us that students who graduate from “elite” colleges could be more likely than those at less elite schools to earn more and attend a prestigious graduate school. As a result, although the initial cost may be high, the benefit,...  [read more]