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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    There’s No Such Thing as Free Music…

    Jan 17, 12 • 318 Views • No Comments

    By Mira Korber, guest blogger. You are a young musician on the brink of your professional career. Graduation is in May, orchestra auditions are around the corner, and where do you go to begin preparing? The IMSLP, of course. The what? The “International...  [read more]

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    Bag Wars

    Jan 14, 12 • 434 Views • No Comments

    Sometimes incentives are unpredictable…especially for B.Y.O.B. (Bring Your Own Bag). A new 5-cent tax on paper and plastic shopping bags in Montgomery County, Maryland is primarily targeting plastic bag use. Fewer plastic bags will mean cleaner local...  [read more]

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    Sweatshop Dilemmas

    Jan 12, 12 • 624 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 • 360 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 • 326 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]