Posts Tagged ‘mixed economy’

  • Mixed Economy: The Raisin Reserve

    Sep 3, 13 • 335 Views • Demand, Supply, and Markets, Economic History, RegulationNo Comments

    The supply of raisins is controlled in the United States. During World War II, the US government sent GIs raisins. When the war ended, the armed forces no longer needed all of those raisins. As a result there was a glut. Rather than let the market respond to

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    A Mixed Economy: Ownership Incentives

    May 14, 13 • 277 Views • Behavioral Economics, Economic Thinkers, Government, Health Care, Innovation, Labor, Thinking EconomicallyNo Comments

    Thinking about our mixed economy in which government and the market intermingle, I have always gravitated to this quote from former Secretary of the Treasury, Lawrence Summers: “In the history of the world, nobody has ever washed a rented car.”

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    Car Rentals and Cuban Houses

    Nov 11, 11 • 269 Views • Demand, Supply, and Markets, Developing Economies, Thinking EconomicallyNo Comments

    Have you ever washed a rented car? Former Treasury Secretary Lawrence Summers tells us that, “In the history of the world,” no one has. For rental cars and Cuban houses, lack of ownership is the common denominator. When Fidel Castro took control

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    Aug 3, 10 • 182 Views • Innovation, Labor, Thinking EconomicallyNo Comments

    In a  wonderful NYC Radio Lab podcast about success, Malcolm Gladwell also explains why genius is closely related to love. Recorded at the  92nd Street Y in NYC, writer Malcolm Gladwell and Radio Lab host Robert Shulwich preceded their

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    Random Health Care Notes

    Mar 1, 10 • 280 Views • Thinking EconomicallyNo Comments

    Last summer, at a Fourth of July picnic, a 75 year old great-grandmother, told by her doctor not to eat a hot dog because of its high sodium content, said, “I’m going to have a hot dog.  If I’m dead in the morning, I’ll never