Forum: General discussion on Economics

The theme of economic practice which sure seems to have been cheered on by American economists is one of debtism, called capitalism, of course,...

Why should I pay more for new technology? Simple question. Because it is good for some corporation's profits? Because it will cause stock...

I'm listening to This American Life revisiting their story on Chris Whitacre who was the ADM informant because of the movie release "The Informant"...

- Biggest contractions in OECD history - Overvalued currency - ECB fetishizing inflation, seemingly willing to tolerate mass unemployment -...

For those of you who don't know, the cash for clunkers program pays car owners who own a vehicle getting less than 18mpg $4,500 towards the purchase...

Doctors are paid on a paid work basis, or most are, any way, like the people who work in sweat shops and farm labors. A professor of medicine stated...

William Easterly ladies and gentlemen. http://blogs.nyu.edu/fas/dri/aidwatch/2009/08/the_idiots_guide_to_answering.html

Profit, simply put, is the gap that exists between a firm’s revenues and its expenditure. So, as long as the company is able to increase its...

Buy a Honda, and you may be contributing to the support of American workers building the car. Honda has numerous manufacturing plants in the U.S. ...

I've been asking this question a lot in various posts, so I figured I'd start a new thread. Many people say that private health insurance can't work...

Markets and Consumption Markets facilitate trade. Trade enriches our lives. Those are tenets of champions of markets. Economic success is...

In The Case Against the Fed, Murray Rothbard makes a strong case that the banking system [ruled by a Central Bank] was intentionally created by banks...

Jobless recovery What is a “jobless recovery”? For the economy to recover, and the participants to see any benefit, there must be increased...

Listening to that author of Shopcraft as Soulcraft, he mentioned that economist Binder has drawn the line between jobs as those that can be done over...

Our society has a huge number of different tasks that need to be accomplished. Since the Middle Ages [at least], these tasks have been accomplished...

On one hand, they talk of resource depletion. On the other hand, they talk of pollution. The two are entirely separate issues. Resource...