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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    Kidney Markets?

    Sep 8, 10 • 398 Views • 3 Comments

    What should we be able to buy and sell? Alcohol? Land? People? Body Parts? In a Teaching Company lecture on organ transplants, Wake Forest economist Robert Whaples says that the answers depend on the market’s boundaries. And, he soon adds, those...  [read more]

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    Bendy Buses and Health Care

    Sep 6, 10 • 215 Views • 2 Comments

    Have you heard of a bendy bus? The bendy bus was supposed to solve Santiago, Chile’s public transit problems. But the story relates to each of us. It all began during 2007 when Santiago decided to replace its private bus system with public transit....  [read more]

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    A Bow Tie Patent

    Sep 5, 10 • 229 Views • No Comments

    Having said that jackets and dresses cannot be patented or copyrighted, I was fascinated to learn that a bow tie once had one. During the 1950s, the clothing retailer Brooks Brothers had patented their bow tie technology. A recent WSJ article referred to the...  [read more]

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    Spend More or Less?

    Aug 29, 10 • 249 Views • No Comments

    It was perfect. On the left side of the NY Times Op-Ed page, David Brooks defended the austerity approach. On the right was Paul Krugman saying spend more. Those are the alternatives. Maybe now it will be easier to choose one? Using Germany as his model,...  [read more]

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    Preventing a ‘Flash Crash’

    Aug 21, 10 • 240 Views • No Comments

    Do you remember the ‘flash crash‘? On Thursday, May 6, for close to 20 minutes, markets everywhere wildly fluctuated.  It began at 2:23 when certain stock prices started moving oddly. With Apple trading at approximately $250 a share, at 2:44,...  [read more]