Posts Tagged ‘opportunity cost’

  • Opportunity Cost and the Sunday Papers

    Sep 20, 10 • 97 Views • Businesses, Environment, Regulation, Thinking EconomicallyNo Comments

    Articles in the Sunday papers may not have referred to opportunity cost but it was everywhere. Do you agree that judges should know the dollar cost of a prison sentence? Is it good or bad that dishwasher detergents have become less effective because of...

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    Social Security Thoughts

    Sep 17, 10 • 110 Views • Economic Debates, Economic Thinkers, Government, Households, Thinking EconomicallyNo Comments

    Having just passed the French lower legislative branch, a gradual increase in the French retirement age from 60 to 62 during the next 8 years will probably be enacted. In the US, we are gradually ascending to 67 in 2027. It all sounds so logical. It...

  • Sporting Decisions

    Sep 13, 10 • 112 Views • Businesses, Demand, Supply, and Markets, Economic Debates, Government, Thinking EconomicallyNo Comments

    http://www.nytimes.com/2010/09/08/sports/08stadium.html Why have you heard of Green Bay, Wisconsin? The Green Bay Packers. The location of a sports team and their stadium affects a community. Some say, though, that the affect is negative. New Jersey currently...

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    Apples, Oranges, and Government Pay

    Aug 22, 10 • 100 Views • Government, Labor, Thinking EconomicallyNo Comments

    Hearing that federal employees earn more than people working in the private sector, how should we respond? Let’s look at the facts. Assessing someone’s earnings involves salaries and benefits.  According to the BEA (Bureau of Economic...

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    More Water Dilemmas

    May 26, 10 • 171 Views • Economic Debates, Environment, Government, Thinking EconomicallyNo Comments

    Bottled water has been around for a long time. Bottled Perrier was introduced in 1863 while people first drank a bottled Poland Spring product 13 years later. With bottled water consumption having increased until the recent economic contraction,...