Economics for the Citizen (Part 10)
A discussion of a few popular sentiments that have high emotional worth but make little economic sense.
Economics for the Citizen (Part 9)
What’s called the market is simply a collection of millions upon millions of independent decision makers not only in America but around the world.
End Social Security
Throughout the nation, a fierce debate rages over Social Security. One side, led by President Bush, says the system is in crisis and must be saved via “partial privatization.” The other side says the system is basically sound and can be saved with a little...Economics for the Citizen (Part 8)
Economic theory is broadly applicable. However, a society’s property-rights structure influences how the theory will manifest itself.
Ayn Rand and Song of Russia: Communism and Anti-Communism in 1940s Hollywood
Ayn Rand called this movie pro-Soviet propaganda, a deliberate whitewash of the terrible reality of life under communism.
Economics for the Citizen (Part 7)
The fact that sellers charge people different prices for what often appear to be similar products is related to a concept known as elasticity of demand,
AFCM Interviews HSA Bank President Kirk Hoewisch
The year was 1901 and someone in Howards Grove, Wisconsin, observed that the first automobile to appear in town was driven by a man from nearby Sheboygan. A century later, the town is making its mark on another new vehicle–which has the potential to...Economics for the Citizen (Part 6)
Relative price is one price in terms of another price.
