The Dangerous Economist

The Blog of Cyril Morong

Sunday, April 29, 2007

Women and the Pay Gap

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The American Association of University Women issued a report. One of the things it says is: "Ten years after graduation, women fall fu...
2 comments:
Friday, April 27, 2007

Game Theory and the Prisoner's Dilemma on the TV Show "Numb3rs"

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The show mentioned this along with the scholar Anatol Rapoport who used the "tit for tat" strategy to win a prisoner's dilemma...
4 comments:
Tuesday, April 24, 2007

Why Do Intellectuals Oppose Capitalism?

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This is the title of an essay by the famous philosopher Robert Nozick. You can read it here . I had a blog entry on how college professors a...
Sunday, April 22, 2007

Our Standard of Living Continues to Grow

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A report from the Census Bureau shows that even more so than in 1992, our material needs are being met. You can read about it here in an ...
2 comments:
Thursday, April 19, 2007

Former Communist Countries Benefit From Economic Freedom

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In my macro class, we read a book called "The Economics of Macroissues." In the first chapter they show how countries with common ...
Tuesday, April 17, 2007

What Rules Pop Culture?

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There was an interesting article in the Sunday New York Times Magazine. You can read it here . The article raises the question of why do so...
Sunday, April 15, 2007

A Real Estate Double Whammy?

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The housing market is always in the news. Prices soar. Then prices fall because there is a glut on the market. But within a couple of blocks...
2 comments:
Friday, April 13, 2007

Interesting Theory on Stock Market Fluctuations

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Nicholas Barberis of the University of Chicago Business School has an interesting article called Search for the Holy Grail: Demystifying the...
Wednesday, April 11, 2007

Life in the Pits: Anthropology Meets Economics

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There is a new book out called Out of the Pits: Traders and Technology From Chicago to London . It is by Caitlin Zaloom, an assistant profe...
1 comment:
Sunday, April 08, 2007

The Free Market: Friend to Third World, Less Developed Countries

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Three recent articles illustrate this: Writing in the San Antonio Express-News, Jeanie Wyatt writes about Ireland. It is one of the fastest...
4 comments:
Friday, April 06, 2007

Interesting Looking Movie: The Call of the Entrepreneur

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The Acton Institute for the Study of Religion & Liberty has produced a documentary titled The Call of the Entrepreneur . If you go to t...
2 comments:
Wednesday, April 04, 2007

San Antonio College Math Professor Reforms Texas State Lottery

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His name is Gerald Busald and over the years he has found inaccuracies in the odds that the lottery states as well as other misleading aspec...
Tuesday, March 27, 2007

Crime and Punishment: Required Reading in My Economics Class

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Okay, it is not the book Crime and Punishment by Fyodor Dostoevsky (this is a link to the entire book online). I will come back to this boo...
Sunday, March 25, 2007

Conspicuous Consumption, Conspicuous Virtue, Thorstein Veblen (and Adam Smith, too!)

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Friday's Wall Street Journal had an article titled "Conspicuous Virtue and the Sustainable Sofa." You have to be a subscriber...
1 comment:
Friday, March 23, 2007

Economic Growth: A Little Goes Very Far in the Long Run

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We all like economic growth, ceteris paribus. It means more for everyone. In chapter 1 of the book The Economics of Macroissues , they discu...
1 comment:
Wednesday, March 21, 2007

Crime and Rationality

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There was an article on "neurolaw" in the March 11 Sunday New York Times magazine. Nerolaw studies brain patterns to learn more ab...
1 comment:
Sunday, March 18, 2007

Do We Always Behave Honestly?

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In a recent post (called "Is It Rational To Be A Little Crazy?"-see below), I discussed how seeming irrational behavior might make...
Wednesday, March 14, 2007

Spring Break, The Great Depression and Entrepreneurship Festival

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I will post something new on Sunday. We are on spring break here at San Antonio College. Last week in my macro class we watched a video abou...
Thursday, March 08, 2007

Starbucks's, India Style

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A woman in India wants to start a chain of coffee shops called Starstruck's. Starbucks is trying to stop it. This is similar to an issue...
2 comments:
Tuesday, March 06, 2007

Is It Rational To Be A Little Crazy?

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On the first day of the semester, I tell the students that we assume people are rational in economics. That means that no one intentionally ...
2 comments:
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About Me

Cyril Morong
I am a retired economics professor. My email address is cyrilmorong@sbcglobal.net
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