Posts Tagged ‘unintended consequences’

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Tax Matters

    Sep 10, 12 • 278 Views • No Comments

    The candidates agree that tax proposals need to focus on reducing the deficit and on government spending. After that, the divide on tax policy is considerable. To narrow the gap between revenue and spending, President Obama supports a higher tax rate for the...  [read more]

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    The Cafe Menu

    Aug 29, 12 • 263 Views • No Comments

    How will a 54.5 mpg CAFE (Corporate Average Fuel Economy) mandate affect us? We start with a mystery.  Because Minivans are big and heavy, they should be the source of a large proportion of all traffic fatalities in 2-car accidents. But they are not. Why?...  [read more]

  • Sometimes Flying Costs More Than Money

    Jul 14, 12 • 285 Views • No Comments

    What to do when you’ve paid extra for an aisle seat and a person asks you to switch with his wife so that they can sit next to each other? Do you say yes or endure his irritation through the entire flight? Watching, an economist might have cited a negative...  [read more]

  • Tomatoes

    Tomatoes, Health Care and Unintended Consequences

    Jun 30, 12 • 181 Views • No Comments

    Trying to make pretty tomatoes, plant breeders inadvertently created a tasteless fruit. It all started 70 years ago with a gene mutation that evenly ripened tomatoes. Seeing the commercial potential of uniformly colored bright red tomatoes, growers bred the...  [read more]

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    A Fine That Backfired

    May 5, 12 • 351 Views • No Comments

    Sometimes, deterrents won’t work. Our story begins at several Israeli day-care centers. Because some parents were picking up their children after dismissal time, two economists suggested a fine. To their surprise, the number of latecomers more than...  [read more]