Posts Tagged ‘opportunity cost’

  • 16809_wedding rings..12.16.11_000014132683XSmall

    The New Economics of Marriage

    May 17, 12 • 517 Views • No Comments

    When North Carolina’s voters rejected same sex marriage, they were not thinking economically. Traditionally, marriage has been about specialization. With the husband in the labor force and the wife at home, their division of labor resembled a small......  [read more]

  • Swimming pool

    Pool Rules

    May 14, 12 • 414 Views • No Comments

    This law is about pools but it relates to much more. Here are the facts: Until now, many of the country’s 256,000 public pools have provided access to portable lifts that help people with disabilities. On May 21, instead, the Americans With Disabilities......  [read more]

  • jobs...16865_9.1_000009319445XSmall

    The Magic of 49

    May 6, 12 • 570 Views • No Comments

    Sometimes, one employee makes a huge difference. In France, one extra worker can mean that a firm needs to create worker councils, establish profit sharing, and report to employee representatives when firing people for economic reasons. BUT…that worker......  [read more]

  • money dollar sign

    A Fine That Backfired

    May 5, 12 • 549 Views • No Comments

    Sometimes, deterrents won’t work. Our story begins at several Israeli day-care centers. Because some parents were picking up their children after dismissal time, two economists suggested a fine. To their surprise, the number of latecomers more than......  [read more]

  • Nails_000014523529XSmall-2

    Government Guidelines and Unintended Consequences

    Apr 4, 12 • 530 Views • 2 Comments

    Sometimes government guidelines can have unintended consequences. Government travel guidelines: At a networking reception, the General Services Administration spent $1900 on 400 “petit beef Wellington” snacks and $2000 on 400 “mini Monte......  [read more]