econlife on ‘Economic Debates’

Most economic decisions can be debated. We have to decide whether we want higher or lower taxes, where to cut government spending, whether the deficit matters, if a business should have more regulation, if marginal analysis should affect environmental regulation. Learning about economics involves defending policy alternatives.

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    Who Should Do Drug Research?

    Jan 26, 11 • 94 Views • Economic Debates, Government, Macroeconomic MeasurementNo Comments

    Yes or No? Government should pay for high school education? A court system? Roads? Lighthouses? Drug research? In his blog, Mike Mandel disagrees with spending plans for the National Institutes of Health. As described by the NY Times, a National Center for...

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    CPI Concerns

    Jan 25, 11 • 137 Views • Demand, Supply, and Markets, Developing Economies, Economic Debates, Macroeconomic Measurement, Money and Monetary Policy, Thinking Economically1 Comment

    Should we care if China has a 5.1% annual inflation rate?  A little. The International Herald Tribune tells us that just 1/4 to 2/5 of the price we pay in the U.S. for an imported item reflects the cost of the good. Other slices of the price pie such as...

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    More Deficit Dilemmas

    Jan 23, 11 • 104 Views • Economic Debates, Government, LaborNo Comments

    We could say that what you solve depends on what you see. When told about ballooning state deficits, people first see big numbers. Their response? Let’s cut spending. According to polls, though, when asked yes or no about cutting specific programs, most...

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    A Broccoli Mandate?

    Jan 21, 11 • 116 Views • Economic Debates, Economic History, Government, RegulationNo Comments

    For one federal district judge, deciding whether parts of the new health care reform law are constitutional relates to, “What is economic?” Our story begins with a court hearing in Florida on December 16. States opposing the health care reform law...

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    Pay-As-You-Throw

    Jan 19, 11 • 114 Views • Economic Debates, Environment, Government, Households, Regulation, Thinking EconomicallyNo Comments

    Hearing Beethoven’s Fur Elise, a Taiwan resident knows the garbage truck is near. As described by a Washington Post writer, entire neighborhoods assemble with their garbage as the truck approaches. Called pay-as-you-throw (PAYT), through unit-pricing,...