Posts Tagged ‘market failure’

  • Starbucks pay-it-forward positive externality

    The Benefits of “Pay-It-Forward”

    Mar 20, 14 • 665 Views • No Comments

    Perhaps a pay-it-forward record, at a Connecticut Starbucks, more than 1,000 people each paid for the person behind them during December 2013. The store manager was on to something when he said, “”We hope that it will continue on, even if it...  [read more]

  • Negative Externality Church Bells

    Church Bell Economics

    Dec 27, 13 • 563 Views • No Comments

    Irritated that church bells had been awakening them before 7 a.m., in 1879 a group of New Yorkers complained to the city Board of Health. They said the chimes violated Section 177 of the Sanitary Code and  endangered their health. Fast forward to 2013. A...  [read more]

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    Government Failure or Market Failure?

    Sep 4, 11 • 250 Views • No Comments

    The illness? High unemployment and sluggish growth. The patient? The U.S. economy. And sometimes, according to Nobel Laureate Gary Becker, a stimulus pill just won’t work. In a WSJ opinion piece, Dr. Becker first explains that government misdiagnosed...  [read more]

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    A Rule About Gold

    Dec 9, 10 • 272 Views • No Comments

    Yes, gold is a part of Dodd-Frank financial regulation but not exactly the way you would expect. Dodd-Frank says that businesses have to tell the SEC if the gold, tin, tantalum, and tungsten (the 3 Ts) in their supply chain provide income to rebels in eastern...  [read more]