Posts Tagged ‘opportunity cost’

  • A Macro-difference With Micro-insurance

    Jan 24, 10 • 158 Views • Thinking EconomicallyNo Comments

    Listening to a recent segment of Marketplace.org (1/15.2010), I heard about microinsurance. The concept sounds like win/win for everyone. With more resilient structures, Haitians can purchase microinsurance policies that cost $1 to $2 a day. Correspondingly,

  • Insecurity about Homeland Security Spending

    Jan 14, 10 • 191 Views • Thinking EconomicallyNo Comments

    I recommend looking at the 2005 American Enterprise Institute paper on homeland security spending at: http://psweb.sbs.ohio-state.edu/faculty/jmueller/DERUGY.PDF Providing insight about where, how, and why approximately $44 billion is being spent, the report

  • Is More Security Too Expensive?

    Jan 11, 10 • 160 Views • Thinking EconomicallyNo Comments

    Great cost benefit analysis in yesterday’s Wall Street Journal. How do we decide whether the cost of intensified airport security is worth the benefit? 1. The TSA says that one life saved is worth $3 million spent. That means, though, that we have to

  • No Need For Psychiatry; Just Ask Dr. Economist

    Jan 8, 10 • 130 Views • Thinking EconomicallyNo Comments

    In today’s Notes post, the link is to Dear Economist, written by Tim Harford for the Financial Times. Using economic ideas to provide answers about love and life, he proves that economics is about so much more than money. Opportunity cost can provide an

  • Should We Stop Giving Holiday Gifts?

    Dec 25, 09 • 202 Views • Thinking EconomicallyNo Comments

    According to Wharton School economist Joel Waldfogel, we might be better off if we stop gift giving. Dr. Waldfogel says that all too often, the value of the gift to the recipient is less than the price the giver paid. The resulting “deadweight