|
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 […] (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 […] 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 […] 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 […] 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 […] I didn’t think anyone outside the US would care much about my net neutrality piece–it’s pretty US-centric–but apparently the Pirate Party in Greece cared, so much that they made a translation! It’s here. And here’s a sample page: I would have been interested to know what “Spock/Tyrion fanfiction” is in Greece, but they […] Behold my take on net neutrality, illustrated by the awesome Ian Akin! (I have Dan Burr working on a piece on Obamacare, but that will take a while.) FDR, who could have been talking about QE, in his first inaugural: “Faced by failure of credit they [bankers] have proposed only the lending of more money.” |
|
Powered by WordPress & Atahualpa |