Regulation

In a market economy, regulation can help or hinder economic activity. Looking at topics that include the environment, financial instruments and anti-trust and past and present Supreme Court cases, econlife considers regulation when it investigates the US market economy.

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    Homework? It’s About the Economy…

    Dec 11, 12 • 573 Views • No Comments

    Why would France want to ban homework? President Hollande has said that less homework means more equality. At home, income makes a difference. Higher income families have children with higher test scores and more help with homework. They have their own......  [read more]

  • Is It Better to Outsource or Insource T-shirts?

    Manufacturing Matters in the US

    Dec 10, 12 • 729 Views • No Comments

    Hearing about an apparel firm that “insourced,” I confess I was not as enthusiastic as the report. The firm, American Giant, had just enjoyed a run on their hoodies. As a Made in the USA producer, they have the caché of a San Francisco factory.......  [read more]

  • Dynamic Pricing for Tickets Displays the Power of Prices

    Big Ten Tickets

    Dec 9, 12 • 726 Views • No Comments

    For $75 you can see all 9 Big Ten Conference basketball games…Maybe. Here’s the story. If you buy a Golden Ticket online from the Minnesota Golden Gophers, you can attend up to 9 Big Ten games but only if Minnesota wins every time you attend. If......  [read more]

  • NYC Taxicabs, Tips and Credit Cards

    Taxi Tips

    Dec 8, 12 • 1041 Views • No Comments

    Assume you are in a NYC taxi cab. The fare is $12.00. How much of a tip do you leave? a. $1 b. $2 c. $3 d. $4   Actually, it all depends on whether you use cash or credit. People who pay in cash tend to leave a 10% tip. Those who use a [&hellip......  [read more]

  • The History of the Elevator is About Innovation and Economic Growth

    Elevator Economics

    Dec 6, 12 • 1298 Views • No Comments

    Where would we be without the elevator? To deliver a bed, sometimes you need an elevator. It is easy now…but not during the mid-19th century. When a bed company mechanic, Elisha Graves Otis, was asked to create a freight elevator, he knew he had to......  [read more]