econlife on ‘Thinking Economically’

Much more than money, economics is about tradeoffs. Thinking economically involves cost and benefit, marginal analysis and seeing that there is no free lunch. Econlife tries to convey the perspective that is the foundation of economics that helps people make decisions personally, professionally and as voters.

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    Recycling Garbage

    Feb 14, 10 • 112 Views • Thinking EconomicallyNo Comments

    A recent article in SF Gate focused on Berkeley’s garbage problems. Because of Berkeley’s commitment to recycling, the revenue it receives from garbage collection has dropped precitously. Less garbage means more job and service cuts. If people...

  • The Debate Between Equality and Efficiency

    Feb 13, 10 • 79 Views • Thinking EconomicallyNo Comments

    Speaking about the current political climate in “The Populism Problem”, James Surowiecki, New Yorker columnist, cites our contradictions: • Solve unemployment but cut the deficit • Implement health care reform but limit government •...

  • Blanket Competition

    Feb 12, 10 • 120 Views • Thinking EconomicallyNo Comments

    Hearing that American Airlines was charging eight dollars for a blanket and pillow brought back memories of airline deregulation, Eastern Airlines, and People Express. Does anyone remember the Eastern Shuttle? With a government given monopoly on flights...

  • Random Snow Stories

    Feb 11, 10 • 102 Views • Thinking EconomicallyNo Comments

    Property rights When you shovel a parking space, does it remain yours when you pull out? In Boston, if you shovel out your car during a snow emergency, the space is yours for at least two days. Just “reserve” it with a lawn chair or trash...

  • Not Always Dismal

    Feb 10, 10 • 111 Views • Thinking EconomicallyNo Comments

    From assorted sources, I share the following: 1. Poetry on the housing crisis from Karl Case (the Case in Case-Shiller Home Price Index) An excerpt: Fannie and Fred were always ahead, Then Countrywide got in the fray. Then Lehman and Merrill and Goldman Sachs...