Posts Tagged ‘opportunity cost’

  • Prices convey information.

    Giving Life a Price

    Feb 19, 11 • 355 Views • No Comments

    The people at OSHA (Occupational Safety and Health Administration) have been watching “Spider-Man.” Because of actors’ injuries during performances, the federal agency that monitors workplace safety went to Broadway. Should they? It is all...  [read more]

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    Military Business

    Feb 5, 11 • 347 Views • No Comments

    Choosing between “guns and butter” (or missiles and margarine), national leaders think of the military for guns and the private sector for “butter.” Not Egypt, though. As far back as the 1970s, when peace with Israel meant less to do...  [read more]

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    Getting the Most From Our Money

    Feb 3, 11 • 301 Views • No Comments

    In 2020, according to the World Health Organization, traffic fatalities will be the second leading cause of deaths in the world. Moreover, in the U.S. alone, approximately 57 million birds are killed by cars annually. (from Cool It, p. 154) So, asks Bjorn...  [read more]

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    Waste and Cost

    Jan 27, 11 • 322 Views • No Comments

    Who could possibly have disagreed with President Obama when, in his State of the Union address, he said we have to eliminate wasteful regulations?  Some very important people. Emory University economics professor, Paul Rubin, explained in a WSJ article...  [read more]

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    The Cost of a Family

    Dec 23, 10 • 301 Views • No Comments

    The cost of having a family has gone up and it has gone down. In its annual report on the average cost of raising a child in a middle income family, the Department of Agriculture said from 2008 to 2009, the amount has risen by 1%. A child born during 2009 is...  [read more]