The Dangerous Economist

A shopping mall in California gave away free gift certificates. They were in balloons that were dropped. The only problem is that 2,000 peop...

NBA star Stephon Marbury has a new shoe that sells for just $14.98. You can read about it here . He says that kids pay too much for basketb...

Economists often say that prices are signals. A high price signals to the market that something is relatively scarce. Consumers should minim...

I AM CALLING ON ALL STAR TREK FANS TO BOYCOTT FORBES MAGAZINE! Forbes magazine released its annual list of the richest fictional character...

Below are the first two paragraphs from the introduction to Friedman's 1962 book Capitalism and Freedom . Friedman died last week at the...

Just in case you have not heard about the mobs and the shooting associated with PS3 going on sale read PS3 Debuts to Long Lines, Conn. Shoot...

A great and important economist died today, Milton Friedman (he won the Nobel Prize in 1976). Among his many books are Capitalism and Freedo...

My last entry showed how we were doing well on jobs. Median family income rose in 2005. The real or inflation-adjusted hourly wage is higher...

A couple of days ago I discussed jobs, outsourcing and insourcing. Is it hard for Americans to find jobs? Compared to what? I guess historic...

Can you buy and sell salvation? Well, maybe not. It is probably all up to the big guy upstairs. But there is a new book out called The Marke...

Perhaps you have heard about companies laying off workers here in the USA then having low wage workers in some other country do the work. Th...

A couple of weeks ago, Cynthia Crossen had a good column in The Wall Street Journal about why voter turnout has fallen in the USA. Basicall...

Saw an interesting article on Netscape's offbeat news called Disillusioned online daters turn to matchmakers. Here is the beginning of ...

The evidence is suggestive, but not totally conclusive. The city of San Antonio has not tried very hard to learn whether or not victims and ...

I was at a symposium about a month ago and one thing we talked about was how the abstract thinking in economics can be hard for our students...

The WWF thinks so. . Saying that we are running out of resources is nothing new. It comes up fairly often. The Club of Rome long ago predict...

A recent article by Will Deener of The Dallas Morning News called Vice Fund: The wages of sin? reports on the "Vice Fund" "w...

The article on this begins with: "Just as trucking companies put signs on their vehicles asking the public to report unsafe drivers, ...

From today's Chronicle of Higher Education: "The report, by the Institute for Jewish & Community Research, was based on an onli...

Has another year gone by already? Today is "Day of the Deadweight Loss." On this day, economists mourn all the social welfare that...