Posts Tagged ‘Freakonomics’

  • An Economics Idea ToolKit Would Contain Unintended Consequences

    An Economics Tool Kit: Unintended Consequences

    Oct 19, 12 • 685 Views • 2 Comments

    Next to “no free lunch,” perhaps the most important idea in an economics tool kit is “unintended consequences.” Our story starts in Bogota, Colombia and a visiting professor who tells the Freakonomics people that his friends picked him......  [read more]

  • US Chicken Paw Exports to China

    Playing Chicken With China?

    Sep 19, 12 • 548 Views • No Comments

    Yesterday’s headlines about the US taking China to the World Trade Organization (WTO) for unfair auto and auto parts subsidies took me to chicken feet and The Economist’s Sinodependency Index. Knowing the major firms that depend on China for......  [read more]

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    Are You a Follower?

    Jul 2, 12 • 547 Views • No Comments

    This sign in Arizona’s Petrified Forest was having little impact: “Your heritage is being vandalized every day by theft losses of petrified wood of 14 tons a year, mostly a small piece at a time.” However, after some sign experimentation,......  [read more]

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    Does Luck Matter?

    Oct 31, 11 • 352 Views • No Comments

    In Las Vegas, the 2010 World Series of Poker was composed of 32,000 players and 57 separate tournaments. For the final event, $9 million was at stake. Freakonomics economist Steve Levitt and U. of Chicago law professor Thomas Miles studied the poker world......  [read more]

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    Pay-As-You-Throw

    Jan 19, 11 • 362 Views • No 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,......  [read more]