Posts Tagged ‘3 economic questions’

  • Resource allocation involves similar concepts whether personal, for business or a country.

    How To Divide the Rent, a Cake and a Country

    May 1, 14 • 320 Views • No Comments

    Assume for a moment that you have just rented a 4th floor walk-up apartment for $3000 with 2 friends. One bedroom is mid-sized and near a fire escape, the second is rather large and has a view of a magnificent tree while the third is tiny, looks out on the...  [read more]

  • Detroit Bankruptcy Requires Life Support

    Should Detroit Sell Its Art?

    Apr 11, 14 • 348 Views • No Comments

    During 2009, a still life painted by Henri Matisse was sold at a Christie’s auction for $46 million. The Detroit Institute of Arts owns Poppies, also a Matisse oil on canvas but a bit larger. A municipal bankruptcy like Detroit’s creates so many...  [read more]

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    A Command Economy: Playing the Game

    May 9, 13 • 1055 Views • No Comments

    Queue is now a game. But not always. In Poland, during the 1970s, you might have taken an hour or two off from work, rotating with a brother or sister, to stand in line. Everyone could have been waiting for a pair of shoes but if a shampoo were available, you...  [read more]

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    Indicators of Political Unrest

    Jun 12, 11 • 310 Views • No Comments

    Is political upheaval fueled by corruption? Low GDP per person? Less democracy? This Economist interactive indicator lists 9 variables. Together they add up to 100%. But the question for readers is how to weight the variables. Which ones could...  [read more]

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    Everyone Rations

    Jul 12, 10 • 318 Views • 1 Comment

    I am concerned that the word “ration” has a bad reputation. In a recent CBS story about a new Medicare/Medicaid head, and throughout the healthcare reform debate, stories about reputed “rationing” kept popping up. There was no...  [read more]