Posts Tagged ‘tariffs’

  • Downton Abbey Economics

    What Can We Learn From Downton Abbey Economics?

    Feb 16, 14 • 973 Views • No Comments

    Downton Abbey can tell us a lot about the British economy…but not everything. We know the aristocracy is struggling. Many of the 700 families who had controlled 80% of all acreage during the 1870s faced financial collapse 50 years later. We saw at......  [read more]

  • Tax Revenue

    Income Tax History: Timeless Issues

    Apr 16, 13 • 595 Views • No Comments

    In 1789, Benjamin Franklin said that “…in this world nothing is certain but death and taxes.” With taxes, we can also be certain that the system will be complex and people will question its fairness. Complexity: Because professional athletes......  [read more]

  • Big Macs and Currency Manipulators

    Oct 24, 12 • 788 Views • No Comments

    In China, a Big Mac costs close to the equivalent of $2.44. That same burger in the US is $4.20. The basic idea is PPP, purchasing power parity. The dollar can buy more when the yuan is undervalued. And President Obama and Governor Romney have both indicated......  [read more]

  • US Chicken Paw Exports to China

    Playing Chicken With China?

    Sep 19, 12 • 1008 Views • No Comments

    Yesterday’s headlines about the US taking China to the World Trade Organization (WTO) for unfair auto and auto parts subsidies took me to chicken feet and The Economist’s Sinodependency Index. Knowing the major firms that depend on China for......  [read more]

  • The Panama Canal Project Facilitates World Trade.

    A Made in the USA Mandate

    Jul 20, 12 • 749 Views • No Comments

    To introduce our first international trade discussion in class, I usually ask students to check where their clothing and shoes have been made. Finding labels that say “Made in China, Made in Thailand, Made in Peru…,” they first see how trade......  [read more]