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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    Supreme Court Laughter

    Mar 30, 12 • 298 Views • No Comments

    Using transcripts that say (Laughter) when some levity enters the proceedings, one legal scholar has concluded that the Supreme Court averaged 1.027 laughs per oral argument. The funniest justice is Anton Scalia who holds the record with a total of 77...  [read more]

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    Health Care Costs

    Mar 10, 12 • 375 Views • No Comments

    Looking forward to your daily Double Chocolaty Chip Frappuccino, you see that the calorie count sign says 500 calories. Change your mind? Most studies indicate that knowing a calorie count has little if any impact on purchasing decisions. Then, you stroll to...  [read more]

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    You’ve Got Mail?

    Mar 3, 12 • 411 Views • No Comments

    While the U.S. had postal services since the 1600s, Ben Franklin transformed the system. Appointed Deputy Postmaster for the Colonies by the British, he established our first home mail delivery system, diminished to a single day the letter delivery time...  [read more]

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    Just Like Yap Money

    Feb 25, 12 • 433 Views • No Comments

    To a Yap islander, in 1903, a 12-foot limestone wheel had considerable value. Described by NPR’s Planet Money, the wheels, as small as a foot in diameter and as large as twelve, composed the islanders’ monetary system. With smaller transactions,...  [read more]

  • 19th Century Urban Transport Was An Environmental Problem

    Green New Yorkers

    Feb 19, 12 • 371 Views • No Comments

    Think about life in the city. A one-bedroom apartment might have 1000 square feet located next to several other similar dwellings and all are heated and cooled by the same source. You walk nearby to get your groceries and take the subway or bus to work or...  [read more]