Posts Tagged ‘prices’

  • Video Game Economics

    Oct 10, 12 • 329 Views • No Comments

    Sometimes a virtual world can show us some economic reality. Here is the story: There once was a Greek economist who, for many years, happily wrote papers and taught classes, in (he said) his “academic cocoon.” However, as the euro-zone calamity...  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Obama’s Keynesian Message

    Sep 17, 12 • 562 Views • No Comments

    Comparing Obama/Biden and Romney/Ryan economics, people name John Maynard Keynes and Friedrich von Hayek. Having looked at Hayek several weeks ago, let’s turn to Keynes now. During 1934, with unemployment high and production low, British economist John...  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Meeting Paul Ryan’s Economic Muse

    Aug 13, 12 • 408 Views • 2 Comments

    People tend to ask, “Who??” when Friedrich von Hayek is named as Paul Ryan’s economic muse. Our purpose right now is to get to know some Hayek basics to see what Ryan brings to the Romney/Ryan candidacy. Austrian born, a naturalized British...  [read more]

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    Venezuela’s Price Controls

    Apr 22, 12 • 411 Views • No Comments

    Reading that a Venezuelan retiree did not mind the food lines, I started thinking about how President Chavez’s price controls have changed incentives. The retiree, who has more time than money, now has the incentive to stand in line. Meanwhile, a...  [read more]

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    The Riskiest Movies

    Feb 17, 12 • 241 Views • No Comments

    Because Bart the Bear was no ordinary bear, anytime he appeared in a movie, the cost could have been $250,000. Yes, Bart’s salary was pricey but the $250,000 was all about insurance. Most producers and movie studios require insurance. For stars, for...  [read more]