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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    The Magic of 49

    May 6, 12 • 594 Views • No Comments

    Sometimes, one employee makes a huge difference. In France, one extra worker can mean that a firm needs to create worker councils, establish profit sharing, and report to employee representatives when firing people for economic reasons. BUT…that worker......  [read more]

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    A Fine That Backfired

    May 5, 12 • 576 Views • No Comments

    Sometimes, deterrents won’t work. Our story begins at several Israeli day-care centers. Because some parents were picking up their children after dismissal time, two economists suggested a fine. To their surprise, the number of latecomers more than......  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Now or Later?

    May 4, 12 • 453 Views • No Comments

    Reading about why people have a tough time delaying gratification, I started to think about countries. First people… A part of your brain–the insula–becomes more active when faced with an unpleasant task like dieting or seeing your team......  [read more]

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    Middle Class Questions

    Apr 23, 12 • 771 Views • 1 Comment

    If you have questions about Verizon and middle class income growth,  your conclusions might depend on the questions that you ask. My story begins with a disastrous call to Verizon Wireless. One agent left and never returned, three said they could not help......  [read more]

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    Venezuela’s Price Controls

    Apr 22, 12 • 715 Views • No Comments

    Reading that a Venezuelan retiree did not mind the food lines, I started thinking about how President Chavez’s price controls have changed incentives. The retiree, who has more time than money, now has the incentive to stand in line. Meanwhile, a......  [read more]