Households

In a circular flow model, households are the source of consumption expenditures and land, labor and capital for businesses. Econlife looks at all of the activities of households that include spending, taxes, education, health care and income.

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    Tax Payers and Entitlement Receivers

    Sep 16, 10 • 226 Views • No Comments

    I wonder if we should be concerned. Lecture 32 of “Thinking About Capitalism” from the Teaching Company looks at John Stuart Mill (1806-1873), James M. Buchanan (1919-  ), and Mancur Olson (1932-1998). Concerned with the impact of democracy...  [read more]

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    Female Earning Power

    Sep 3, 10 • 326 Views • 2 Comments

    Which women earn more than men? If you are female, in your 20s, childless, unmarrried, live in a city, and a college graduate, there is a good chance that you earn more than a man in your peer group. You also represent a major change in what women earn. For...  [read more]

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    How Not To Price a House

    Aug 31, 10 • 280 Views • 1 Comment

    Let’s assume you would like to sell your house. According to Wired journalist Jonah Lehrer, the price you select might not be optimal. Why? Because we like to avoid losing money. (Of course, you might say, that is obvious. But an economist would suggest...  [read more]

  • Cost Measured by Work Minutes

    Aug 31, 10 • 296 Views • No Comments

    Having referred to a $40 1970s airline ticket, I was curious about other prices 35 years ago. Not everything was cheaper. (According to the Dallas Fed, in 1974, a 1 ounce bag of chips was approximately 25 cents, and in 1980, a large pepperoni pizza averaged...  [read more]