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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    Placing the Poverty Line

    Sep 15, 11 • 236 Views • No Comments

    Any family that earns less than 3 times the annual cost of a nutritionally adequate diet is below the poverty line. But should we agree with the placement of the line? If we say that poverty is “relative deprivation, ” then a definition could take...  [read more]

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    A Tale of Two Euro Zone Countries

    Sep 14, 11 • 254 Views • No Comments

    Saying, “It is a small step for the euro zone and a big step for Estonia…” the Estonian prime minister celebrated his country’s formal entry into the Western economic world. On January 1, 2011, Estonia switched from the kroon to the...  [read more]

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    Too Safe?

    Sep 13, 11 • 253 Views • No Comments

    Assume for a moment that you have to decide whether to install body scanners at every airport in the U.S. Knowing a decision to proceed will make everyone safer, you say, “Yes.” But, what if you first were told that there was a 1 in 3.5 million...  [read more]

  • The Congress and the Fiscal Cliff

    Is Government the Solution or the Problem?

    Sep 9, 11 • 256 Views • No Comments

    Maybe everyone got something from President Obama’s jobs plan. According to the Washington Post’s Ezra Klein, the “right” got tax cuts, the “left” got help for the unemployed and infrastructure spending, and everyone will...  [read more]

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    Environmental Dilemmas

    Sep 8, 11 • 259 Views • 1 Comment

    The environment or employment? Smart meters: Environmentally superior, they automatically transmit data about electricity usage. As a result, we can better manage our demand for energy. The tradeoff? Even including smart meter R & D, IT services,...  [read more]