Posts Tagged ‘opportunity cost’

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    Demand, Supply, and Knee Replacement

    Nov 15, 10 • 110 Views • Demand, Supply, and Markets, Government, Households, Innovation, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Hearing about knee replacement surgery from a friend, I soon realized it is about much more than an operation. It involves demand, supply, innovation, and the quality and cost of national medical care. First the facts: For knee replacement surgery, patients...

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    Trash and Trade

    Nov 5, 10 • 112 Views • Economic Thinkers, International Trade and FinanceNo Comments

    A WSJ article tells us “Memo to All Staff: Dump Your Trash.” But should they?According to the article, Texas state workers, Phoenix city workers, and Dartmouth college professors have all been told to take out the trash. Texas, as a result, is...

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    Soda Wars

    Oct 8, 10 • 123 Views • Demand, Supply, and Markets, Economic Debates, RegulationNo Comments

    In “the soda wars,” who is fighting whom? Past news articles refer to state legislative attempts to tax sugary soft drinks. Now, a NY Times article focuses on how New York City is trying to bar use of food stamps for sugary soft drinks. The...

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    Traffic and the Economy

    Oct 6, 10 • 96 Views • Households, Innovation, Regulation, Thinking EconomicallyNo Comments

    Sometimes policies for economic growth can be found in the most surprising places. Seeing a new paper on peak hour travel started me thinking about the amount of time we spend commuting. And commuting took me to economic growth. If you have to commute,...

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    Health Care Insight

    Oct 4, 10 • 117 Views • Demand, Supply, and Markets, Government, Households, Macroeconomic Measurement, RegulationNo Comments

    Perhaps it all began when President Lyndon Johnson called Wilbur Mills, chairman of the House Ways and Means Committee. “Wilbur, I’ve just been looking through the polls here, and I’ve only got a few weaknesses, and the worst of them is that...