Economics 
What is (and isn't) funny about economics
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Climate Update
Posted 6/16/09
NPR explains cap-and-trade with a fun story about limiting use of the word “dude”. Alan Durning of Sightline explains why he (mostly) loves Waxman-Markey. The Breakthrough Institute folks explain why they don’t. The U.S. has restarted a pilot project for CCS (carbon capture and sequestration). And House speaker Nancy Pelosi comes back from China with [...]
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Elasticities and Monopoly Pricing
Posted 6/16/09
David Pogue talks about what he calls the App Store Effect: The App Store Effect says this: if you cut a software program’s price in half, you sell far more than twice as many copies. If you cut it to one-tenth, you sell far more than 10 times as many. And so on. In other [...]
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Health Care Update
Posted 6/16/09
Big debate about having a “public option“, and bad news from a Congressional Budget Office review of health care proposals.
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More depressing articles on the budget
Posted 6/11/09
The federal government is trying to bring back budget rules that embody some sort of common sense: Mr. Obama announced he was sending legislation to Congress to restore the 1990s-era “pay as you go” law, known as Paygo. The law, in effect from 1990 to 2002, required that tax cuts or new entitlement spending — [...]
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Wiki editing battles and economics
Posted 6/09/09
A funny NYT article on the “long tail” articles on Wikipedia that become the disputed ground in edit battles (hint: think Scientology) has a link to a Wikipedia entry on “lamest edit wars“, and guess what’s featured? Nobel Prize in Economics Should this article (and other articles and templates that mention this award) use the [...]
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