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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    India’s Powerful Incentives

    Aug 8, 12 • 488 Views • No Comments

    Imagine… More than 500 trains suddenly stop. More than 200 miners trapped underground. No traffic lights. Gridlock on many roads. No ATMs. Irrigation systems halted.   On July 31, a massive blackout struck more than half of India. Affecting 600......  [read more]

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

    Cheesecake Medicine?

    Aug 7, 12 • 499 Views • No Comments

    Could Cheesecake Factory help us fix our healthcare system? Touring the kitchen of a Cheesecake Factory restaurant, you would see arrival, refrigeration and storage areas, and cutting, mixing, chopping and combining zones. Preparing the 308 dinner choices......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Assessing Unemployment

    Aug 6, 12 • 493 Views • No Comments

    Let’s look first at unemployment and then at the candidates. 1. Defining unemployment: Our unemployment story starts with the census of 1880.  For the first time, the federal government tried to gauge unemployment by asking all people age 10 or older......  [read more]

  • A Traditional Telephone Book

    What Can You Learn From the Phone Book?

    Aug 5, 12 • 592 Views • No Comments

    Among all of the innovations that changed our lives, have you ever thought about the phone book? The first phone book dates back to 1878. Compiled by the the District Telephone Company of New Haven, soon to become SNET, the Southern New England Telephone......  [read more]

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    How Much Is An Olympic Gold Medal Worth?

    Aug 4, 12 • 1051 Views • No Comments

    In addition to the gold, silver or bronze, Olympic athletes get money for winning. The amount, though, depends on their National Olympic Committee. The Singapore Olympic Committee gives its gold medal winners $800,000, a UK gold medal winner gets his or her......  [read more]