Archive for the ‘Econ’ Category
Sunday, April 3rd, 2005
Modern humans may have driven Neanderthals to extinction 30,000 years ago because Homo sapiens unlocked the secrets of free trade, say a group of US and Dutch economists.
I knew that free markets were good; but an evolutionary force, too?
(H/T: Q & O.)
Posted in Econ | 1 Comment »
Thursday, January 27th, 2005
The legislature is looking at raising the minimum wage to $6.00 or higher this session, possibly raising it to $8.00 over the next three years.
As it turns out, most workers in Montana make more than the minimum wage right now.
Another reason wages are higher than the state minimum is the ...
Posted in Econ, Montana | 9 Comments »
Tuesday, November 9th, 2004
I'm an unabashed fan of Marginal Revolution. If you're interested in Economics, you should be reading Tyler Cowen, Alex Tabarrok and their crew.
Today Alex has this post, quoted here. (This quote is actually a quote from a book that Alex mentions.)
In a former British colony healers believed the ...
Posted in Econ | 8 Comments »
Friday, July 16th, 2004
Arnold Kling's column in Tech Central Station makes the assertion that even though some people are arguing that the lower wage earners are worse off than they were thirty years ago, the opposite is true.
Much is made about a widening gap between rich and poor, but it seems that instead ...
Posted in Econ | 4 Comments »
Friday, May 28th, 2004
The first sentence of this article hits the nail pretty squarely on the head.
Executive compensation has long been a favorite topic of the economically illiterate.
When your're finished with that one, read on over to Part II.
Posted in Econ | 6 Comments »
Friday, April 30th, 2004
I hate to beat a dead horse, but I just couldn't help it this time.
From this article:
The petroleum association says one factor crimping supply is state regulations that make it impractical for companies to open new refineries.
"We haven't built one in 35 years," Mangels said.
Valero [Largest US Independent ...
Posted in Econ | 4 Comments »
Tuesday, April 13th, 2004
Almost everyone is in high dudgeon over the price of gas. And, just this morning, the Guess-At-It jumped on the bandwagon with this lengthy article about the rising prices.
Regular Unleaded here in Billings is $1.75, and Premium Unleaded is $1.95. Mid Grade and Diesel are right in the ...
Posted in Econ | 4 Comments »
Wednesday, February 4th, 2004
We're talking about marginal cost and marginal value in Micro today, and the prof is steering the discussion from demand into supply.
Just as class is about to wrap up for the day, the prof says, "I'm going to give you something to think about for a couple weeks. ...
Posted in Econ | 12 Comments »
