Posts Tagged ‘cost’

  • To Minimize Hospital Bacterial Infections, People Need to Wash Their Hands

    Negative Externalities: The Unexpected Economics of Hand Washing

    Dec 18, 12 • 623 Views • No Comments

    Sometimes economics can involve a lot more than money. My local hospital is engaged in a hand washing campaign. The problem is that physicians ignore the mandate, even more than nurses and other hospital personnel. Yes, a doctor is busy and a sink might not......  [read more]

  • How much should cities plan for the storm of the century?

    Storm Warnings

    Oct 28, 12 • 399 Views • No Comments

    Some thoughts today about predicting natural disasters. Weeks before 308 people perished in L’Aquila from an earthquake, a government commission proclaimed the chance was slim that a disaster would occur. It did happen and now, the 6 scientists and......  [read more]

  • Singapore's Expensive VW Passats

    Singapore’s Pollution Solution

    Sep 25, 12 • 516 Views • No Comments

    When a country’s economy is ranked the 2nd freest in the world, how do they manage auto congestion and pollution? By auctioning a limited number of vehicle permits, Singapore makes owning a car very expensive. A VW Passat in Singapore could cost as......  [read more]

  • a queue..a line..16798_8.12_000009783048XSmall

    Standing In Line

    Apr 15, 12 • 757 Views • No Comments

    Walking along 56th Street in NYC, maybe a half block before 5th Avenue, I always see people on line. (New Yorkers say on line. Almost everyone else says in line.) They are waiting to enter Abercrombie & Fitch. Usually we associate an economic cost with a......  [read more]

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    Everest Economics

    Jan 30, 12 • 493 Views • No Comments

    Having no inclination to climb Mount Everest, I have always been fascinated by its economic connection. Now, hearing that Prince Harry was considering the ascent as a part of his “Walking for the Wounded,” it reminded me that Everest is all about......  [read more]