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.

  • The Panama Canal Project Facilitates World Trade.

    A Made in the USA Mandate

    Jul 20, 12 • 430 Views • No Comments

    To introduce our first international trade discussion in class, I usually ask students to check where their clothing and shoes have been made. Finding labels that say “Made in China, Made in Thailand, Made in Peru…,” they first see how trade......  [read more]

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    Job Incentives

    Jul 19, 12 • 426 Views • No Comments

    Assume that you just said good-bye to your co-workers for your annual 3-week vacation and then disaster strikes. You drop a glass on your foot, sever a tendon and head straight for the operating room. A lengthy convalescent period follows. If you work in......  [read more]

  • The Panama Canal Project Facilitates World Trade.

    World Trade Spin

    Jul 17, 12 • 387 Views • No Comments

    We might be able to divide the world between economic thinkers and everyone else. I noted yesterday that economist Gregory Mankiw, as President Bush’s Council of Economic Advisers chair, said that outsourcing was probably a plus in the long run. Hearing......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Assessing Outsourcing

    Jul 16, 12 • 660 Views • 4 Comments

    Until November 6, at econlife, Mondays will be about presidential election economics. In 2004, when President Bush’s Council of Economic Advisers chairman, Harvard professor Greg Mankiw, was lambasted for saying, “… I think outsourcing is a......  [read more]

  • Sometimes Flying Costs More Than Money

    Jul 14, 12 • 409 Views • No Comments

    What to do when you’ve paid extra for an aisle seat and a person asks you to switch with his wife so that they can sit next to each other? Do you say yes or endure his irritation through the entire flight? Watching, an economist might have cited a negative......  [read more]