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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    Sweatshop Dilemmas

    Jan 12, 12 • 587 Views • No Comments

    Is it okay to have sweatshops in developing nations? NY Times writer Nicholas Kristof, and Nobel prize winning economists Paul Krugman and Milton Friedman have all said, “Yes.” Kristof points out that the parents of children scavenging in a...  [read more]

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    Government’s Venture Capital

    Jan 9, 12 • 340 Views • No Comments

    The Erie Railway went bankrupt multiple times. Primarily government funded, it originally connected 2 small NY communities and cost 4 times more than initial projections when it was completed in 1851.  Citing the financial woes of the Erie Railway, a...  [read more]

  • Our Transportation Infrastructure is Crumbling

    Time or Tolls?

    Jan 8, 12 • 312 Views • No Comments

    The tolls on New Jersey’s major north/south toll road are up 53%. The response? Some drivers took a cheaper route. The catch? Time wise, it was more expensive. Confirmed (unscientifically) by 1 reporter who took the turnpike and the other, the free...  [read more]

  • Self-interest represents the seeds that blossom into economic growth.

    Questions about Capitalism

    Jan 4, 12 • 337 Views • No Comments

    Can capitalism survive? In a Project Syndicate article, Harvard professor Ken Rogoff said, probably. But the “Anglo American paradigm” might evolve into another kind of capitalism. What threatens Anglo-American capitalism? Dr. Rogoff lists 5...  [read more]

  • Ranking Surveys Typically Are Subjective and Have Unintended Consequences.

    Ranking Questions

    Dec 29, 11 • 297 Views • No Comments

    Ranking income distribution, the Organization for Economic Cooperation and Development (OECD) says that Denmark is one of the most equal countries the world while Mexico is one of the least. For overall well-being, Gallup selects Virginia, Wisconsin and New...  [read more]