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Welcome back to our exploration of the principles of economics in N. Gregory Mankiw’s Principles of Economics. We’ve been going for a while; start from the beginning here. And we’re done with the principles themselves. Finally! All we have to do is sum up. If you’ve been reading so far, you won’t be surprised that […] And we’re back. We’re looking at the 10 principles in N. Gregory Mankiw’s Principles of Economics; We’ve covered 7 of his 10 principles already. Start at the beginning here. Part 2 is here. Part 3 is here. Part 4 is . . . wait for it . . . here. Today let’s check out: Principle […] Welcome back to our examination of N. Gregory Mankiw’s textbook. Start at the beginning here. Part 2 is here. Part 3 is here. Okay, we’re starting the section “how people interact.” It’s probably the best section. Let’s jump into: Principle 5: Trade can make everyone better off. This is true and not entirely commonsensical (many […] Welcome back to our examination of N. Gregory Mankiw’s “ten principles of economics.” (Part 1 of this series is here; Part 2 is here). We got through two principles last time, but today we’ll only manage one. It’s a big ‘un: Principle 4: People Respond to Incentives An incentive is, according to my computer’s dictionary, […] (See Part 1 here). Okay, we’ve made it through Mankiw’s Principle 1. Onward to: Principle 2: The cost of something is what you give up to get it. This sounds like plain common sense, but it’s actually not — Mankiw is talking about the economic idea of “opportunity costs,” which is a more exact way […] So a while back I posted about how economics education as it’s usually done can manage to be dull, misleading, and (covertly) political, all at the same time. Which is, after all, why I wrote Economix, which is not (I hope) dull or misleading, and is overtly political. But there’s always someone who will say […] Behold, a comic that explains Obamacare (nearly to death). It’s here: https://economixcomix.com/home/obamacare. You can see it here: https://www.kosmas.cz/knihy/198734/ekonomix/! Mother Jones today has one more reason not to buy bottled water: It’s coming from the most drought-afflicted regions of the country. I’m not saying never buy it. If it’s hot, you’re thirsty, and there are no water fountains nearby, it can make sense to spend $1.50 for a bottle of water. It’s healthier than […] Writing Economix took a lot of work—I started in earnest in 2004 and the book wasn’t published till 2012—and the whole time I had a rather loud voice in my head telling me that I was simply throwing away my life. At some point during those years I came across Stephen Notley’s brilliant Bob the […] |
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