Posts Tagged ‘cost and benefit’

  • Gary Becker opened a new world when he used economics to study human behavior

    The Rotten Kid Theorem and Other Gary Becker Ideas

    May 6, 14 • 652 Views • No Comments

    Gary Becker image courtesy of University of Chicago. All too often, if you say you are looking at the economics of the family, people assume you are talking about money. Nobel Laureate Gary Becker, who died this week (1930-2014), changed all of that.  At...  [read more]

  • Attracted by lower taxes and lighter regulation, businesses are moving to Texas from states like California.

    An Offer Sriracha Cannot Refuse?

    May 3, 14 • 446 Views • No Comments

    Hearing tax incentives and “sensible” regulation, will Sriracha move from Irwindale, California to Texas? Last year, Irwindale residents complained that the local Sriracha processing plant was a “public nuisance.” Hearing that their...  [read more]

  • Ask Alexa Economic Advice from econlife.com

    Your “ROI” From Braces

    Apr 30, 14 • 811 Views • No Comments

    Dear Alexa, At work, I have become ashamed of my less-than-perfect smile since I am surrounded by colleagues who had the luxury of wearing braces in their youth.  Should I get braces to perfect my smile, even though I am no longer in high school? Sincerely,...  [read more]

  • Line standing tradeoffs

    How Much to Pay For a Line Waiter?

    Mar 30, 14 • 866 Views • No Comments

    If a lobbyist wants to go to a congressional hearing but cannot do the line, she can hire a line stander. Maybe 30 minutes before entering, the customer takes the place of the “waiter.” Saying they have “significant expertise in all of the...  [read more]

  • Baseball spring training cost and benefit

    A Spring Training Dilemma

    Mar 25, 14 • 525 Views • No Comments

    The battle was between Mesa, Arizona and Naples, Florida. It was the Cactus League vs. the Grapefruit League. Arizona’s homes for the Cactus League:   Florida’s homes for the Grapefruit League: Our story begins in 1952 when the Chicago Cubs...  [read more]