Friday, August 23, 2013
Open all night
This article from the WSJ is a nice example showing why short-run marginal cost increases with output. It also is a good introduction for a discussion of what the firm considers when choosing its scale and the trade-off between reducing short-run marginal cost and risk.
Tuesday, August 20, 2013
Will young healthy adults be willing to subsidize old sick adults?
This article from the WSJ points out that a key to the success of the ACA is for young, healthy adults to purchase health insurance, thereby subsidizing older, sicker adults.
Tuesday, August 13, 2013
Can the government do anything well?
John Stossel says no in this article. I suspect he recognizes that the government does some things well but thinks that it has entered too many areas that it does badly, at least relative to free markets. He does present an alternative - free markets - and does a nice job describing their benefits for both economic activity and liberty.
Friday, July 19, 2013
Do Manufacturers Need Special Treatment
This opinion by Christina Romer discussed the economic case for singling out manufacturing for special tax breaks or direct government investment. She finds that none of the arguments are convincing.
Friedman on Limited Government
Here is a good video in which Milton Friedman describes his ideal society.
Judge rules that Apple conspired to increase price
This case is a good way to introduce collusion, most favored nations clauses, and pricing related products.
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