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.

  • The Price of a Life

    Jun 29, 12 • 494 Views • No Comments

    I get concerned when people say we may need to start rationing health care. Like most goods and services, because there is a limited supply of health care, we have always rationed it. In some way, we had to decide who would get more and who would get less.......  [read more]

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    Understanding Germany

    Jun 28, 12 • 426 Views • No Comments

    Are Germans thinking, “We did it and now it’s your turn?” Ten years ago, Germany’s unemployment rate averaged more than 9% and economic growth was close to zero. Jobless workers, depending on their family status, were receiving 60-67%......  [read more]

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    India’s Planning Problems

    Jun 25, 12 • 989 Views • No Comments

    India has a jute shortage that will affect a lot more than bags. Our story began decades ago with India’s “license raj,” a bureaucratic reign (raj) that followed the British colonial raj. What to produce, who to hire, how much to pay, when......  [read more]

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    The “Problem” of the Commons

    Jun 20, 12 • 522 Views • No Comments

    Located 30 miles from Cape Cod, Massachusetts, the island of Nantucket has no traffic lights. Instead, drivers respond to stop signs, rotaries and courtesy. More often than not, if a walker or a biker needs to cross the street, cars stop. When someone is......  [read more]

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    “The Broccoli Question”

    Jun 15, 12 • 409 Views • No Comments

    In 1990 President George H.W. Bush banned broccoli from Air Force One. ”I do not like broccoli, and I haven’t liked it since I was a little kid and my mother made me eat it. And I’m President of the United States, and I’m not going to......  [read more]