Posts tagged Economics
Posts tagged Economics
“Those are precisely the jobs that were the steppingstone for Singapore and Hong Kong, and are the jobs that have to come to Africa [and the rest of the Third World] to get them out of their backbreaking rural poverty.” - Jeffrey Sachs (1997) via BuzzFeed
Paul Krugman and Nicholas Kristof are also featured in this article defending ‘sweatshops’.Our very own Prof. Ben Powell lays out the case for letting workers get by - even if the transition from slums to cities doesn’t look so great to us - in our video The Unbelievable Truth about Sweatshops.
The Existentialist School of Economics
The truths governing economic order are hidden from ordinary men. Glimpses have been given to far-sighted dynamos. Nicolaus Copernicus wrote on both heliocentrism and the debasement of currency; Theodor Seuss Geisel wrote on both feline haberdashery and imperfect knowledge in the egg and ham market. For the 21st Century, there is Art Carden and his groundbreaking work in the Existentialist School of Economics.
Speaking aloud the sacred and esoteric truths, Carden’s radical apathy draws on Sumerian scrolls left by ancient astronauts. He displays his mastery of Japanese Literati technique, which he learned during a family vacation to Hokkaido. Though most Westerners try and fail to grasp the principles of Nanga, Carden (already experienced in the Chinese Southern School) compassionately displays his arrogance in the core traditional arts of painting, calligraphy, and poetry.
Carden’s brief hiatus from iconography allowed Learn Liberty to capture this timeless, furtive wisdom, given for our benefit in haiku. Carden continues to strive after perfect personal equilibrium through rejecting abstractions of perfect knowledge and perfect competition.
Ever wonder how producers know what and how much to produce? Prof. Mike Munger explains how prices do the research for us in our NEW video.
“While students may want more subsidies to make college more affordable, ironically, more subsidies actually make college less affordable.” - Daniel Lin, Professor of Economics at American University
Find out why: http://bit.ly/X04DWm
In the last 40 years, the real mean household income for the bottom 20% of income earners increased by 25%. Dr. Sean Mulholland examines the common belief that the rich are getting richer while the poor are getting poorer in our latest video.
What happens when our actions affect third parties? Mike Munger demonstrates externalities in our NEW video.
Each holiday season we hear talk about consumer spending and how it will help stimulate the economy. Is this fact or folly? Find out with the latest “album” from the guys at EconStories.tv!
Do student loans actually contribute to rising tuition costs? Check out our NEW video!
In 1984, Coca-Cola switched from using cane sugar to corn syrup. Why?
In our NEW video, Antony Davies argues that a simplified tax code would reduce tax evasion and increase revenue. See the evidence: http://bit.ly/RF187K
Do you agree?