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.

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Election Economics: How Successful is the US Healthcare System?

    Aug 20, 12 • 592 Views • No Comments

    It might be tough to use statistics to judge US health care. Among OECD countries (Organization for Economic Cooperation and Development), from 1980 to 1999, for life expectancy, the US ranked #19 and Canada was #5. However, the order flips–US #1 and......  [read more]

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    Plane Train Competition

    Aug 16, 12 • 405 Views • No Comments

    Should government subsidize a railroad? Our story starts during the 1970s when you could fly from New York to Washington, D.C. on the Eastern shuttle. Eastern left hourly (!) and guaranteed a seat to everyone who showed up for the flight. Imagine, coffee cup......  [read more]

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    Who Really Won the Olympics?

    Aug 15, 12 • 401 Views • No Comments

    Sometimes it is tough to decide who really is #1. Ask me who won the Olympics and I, as a former history teacher, might say the Mongol Empire. If you were to outline the Mongol Empire (1280AD) on a map, 15 contemporary countries would be totally or partially......  [read more]

  • The Sugary Beverage Debate

    More Soda Wars

    Aug 14, 12 • 405 Views • No Comments

    If you lived in Richmond, California, would you vote yes or no for their proposed soda tax? The tax is unusual because it does not charge people at the register. Instead, retailers would have to pay a license fee that is based on how many ounces of SSBs......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Meeting Paul Ryan’s Economic Muse

    Aug 13, 12 • 869 Views • 2 Comments

    People tend to ask, “Who??” when Friedrich von Hayek is named as Paul Ryan’s economic muse. Our purpose right now is to get to know some Hayek basics to see what Ryan brings to the Romney/Ryan candidacy. Austrian born, a naturalized British......  [read more]