Posts Tagged ‘opportunity cost’

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    You’ve Got Mail?

    May 19, 12 • 770 Views • No Comments

    During dinner this evening, my friend said that she loves her local post office. A very small branch in a teeny building, they know her name, her needs, and are a neighborhood institution. But, is it worth $1 billion a month? During the first 3 months of......  [read more]

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    The New Economics of Marriage

    May 17, 12 • 607 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 • 470 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]

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    The Magic of 49

    May 6, 12 • 699 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 • 674 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]