Can I Have Some More Figgy Pudding?
Posted in Economics Problems on Jan 19th, 2012
Via Greg Mankiw, this video is spot on: Disclaimer: I went to Cornell. No difference. OK, little difference.
Daily Archive for January 19th, 2012
Lights (Out), (No) Camera(s), Action!
Posted in Competition on Jan 19th, 2012
Kodak has filed for bankruptcy protection and reorganization. Read the AP News Story here. Here is a probably very little-known fact about the company buried down in the article: In 1975, engineer Steven Sasson created the first digital camera, a toaster-size prototype capturing black-and-white images at a resolution of 0.1 megapixels. Class starts in a […]
The Rhetoric of Redistribution
Posted in Economic Illiteracy, Economics Problems, You Can't Have it Both Ways on Jan 19th, 2012
About twice a year I end up writing a post screaming at people for not understanding what the term adverse selection means as it pertains to the health insurance market. I can almost understand if the popular press gets it wrong (not really, it is the job of real reporters to understand what they are […]
