Posts Tagged ‘incentives’

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    More Education Matters

    Mar 12, 11 • 105 Views • Businesses, Economic Debates, Government, Households, Innovation, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    15-year old U.S. students ranked #24 for math in an OECD assessment program (PISA). For reading, they placed #15. In a Teaching Company lecture called “Underperforming Schools” Wake Forest economist Robert Whaples suggests how we might raise our...

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    Pay-As-You-Throw

    Jan 19, 11 • 109 Views • Economic Debates, Environment, Government, Households, Regulation, Thinking EconomicallyNo 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,...

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    Regulatory “Pay-Go”

    Dec 28, 10 • 149 Views • Behavioral Economics, Regulation, Thinking EconomicallyNo Comments

    Too much regulation? Senator Mark Warner’s proposed legislation is an interesting approach. Concerned that regulation is “stifling fresh investment and discouraging innovation,” Senator Mark Warner says the incentives have to change....

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    From Mill to Obama

    Apr 29, 10 • 117 Views • Economic Thinkers, Government, Thinking EconomicallyNo Comments

    Yesterday, President Obama briefly said that some salaries on Wall Street were more than anyone should earn.  Approximately 160 years ago, John Stuart Mill responded by saying that he wanted to encourage work. Consequently, instead of limiting salaries...

  • More Than a Price

    Dec 27, 09 • 103 Views • Thinking EconomicallyNo Comments

    Listening to a wonderful Radio Lab (WNYC 10/09/09) podcast on Numbers, I started to think about a comment about what you can learn from a gas pump. $1.40? Maybe a teenager with little to spend. $10.04? Probably a cash payment but the attendant did not turn...