Posts Tagged ‘exports’

  • foreign investment, world, 16467_11.12_000007395743XSmall

    International Trade: The Story of a Subsidy

    May 11, 13 • 851 Views • No Comments

    Oddly, some US farm subsidies go to Brazil. Imagine a safety net when you think of a subsidy. If prices are too low, then growers get money from the federal government. During the 1930s Great Depression, the goal of subsidies was to sustain a farmer’s......  [read more]

  • Everyday economics and Shake Shack

    Purchasing Power

    Feb 22, 13 • 828 Views • 1 Comment

    The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average U.S. price of $4.37, we can determine whether other......  [read more]

  • Is It Better to Outsource or Insource T-shirts?

    Manufacturing Matters in the US

    Dec 10, 12 • 573 Views • No Comments

    Hearing about an apparel firm that “insourced,” I confess I was not as enthusiastic as the report. The firm, American Giant, had just enjoyed a run on their hoodies. As a Made in the USA producer, they have the caché of a San Francisco factory.......  [read more]

  • Invention, Profit and Economic Growth

    The Real Mother of Invention

    Oct 21, 12 • 913 Views • No Comments

    Saying that profit, not necessity is the mother of invention, economic historian John Steele Gordon starts his column in this week’s Barrons. His focus was the 18th century clipper ships that earned people like John Jacob Astor $50,000 for a single......  [read more]

  • US Chicken Paw Exports to China

    Chicken Economics

    Apr 14, 12 • 616 Views • No Comments

    Ten chicks. If I were teaching in Uzbekistan instead of Summit, NJ, I might have received 10 Serbian chicks as a part of my salary. According to Radio Free Europe, the Uzbek government partially paid certain teachers and doctors with chicks. Their goal was......  [read more]