The Dangerous Economist

The Blog of Cyril Morong

Wednesday, March 30, 2011

Fourth Quarter GDP Revised From A 2.8% Increase To A 3.1% Increase!

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My students know how exciting this news is. See 4th Quarter U.S. GDP Revised Up to 3.1% Growth . Why is this exciting? Let's suppose th...
Sunday, March 27, 2011

Will The Real Multiplier Please Stand Up?

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In the past few weeks in my macro classes, we have talked about the government spending multiplier. But not all economists agree on what the...
Friday, March 25, 2011

Factors Influencing The Price Of Gas

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See Gas prices are about more than just oil . Here are some excerpts: "Gas prices rise when oil prices rise, and fall when oil prices f...
Sunday, March 20, 2011

88% Of Bavarian Doctors Give Their Patients Placebos

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See Half of all German doctors prescribe placebos, new study shows: Placebo cures shown to help with depression and stomach complaints – in...
2 comments:
Saturday, March 12, 2011

People Waiting In Line For The Apple iPad 2 Is Socially Wasteful So The Price Should Be Extra High The First Few Days

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See Woman Sells First Spot in iPad 2 Line For $900 . She waited in line for 41 hours. This benefits no one one. No goods or services are cre...
Wednesday, March 09, 2011

Is It Getting Too Expensive To Go College?

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Hedge-fund manager and author James Altucher says he will not be sending his kids to college. See Rethinking College as Student-Loan Burdens...
Sunday, March 06, 2011

The EU Says Insurers Can No Longer Discriminate On The Basis Of Gender

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See EU Closes Insurers' Gender Rate Gap from The Wall Street Journal , 3-2-11. This is actually bad news for women. Here are some key e...
Friday, March 04, 2011

The Problem In The Middle East Might Be The State Preventing Entrepreneurship

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I saw this article mentioned at Carpe Diem , the blog of economist Mark Perry. It links an article in the New Yorker by James Surowiecki ca...
Wednesday, March 02, 2011

Qatar Is The New Number One

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In per capita GDP, that is. The table below shows the the top 10 countries in per capita GDP based on the the CIA's 2010 estimates (they...
4 comments:
Sunday, February 27, 2011

From The Life Is Not Fair Category: Better Looking, Tall, Thin People Make More Money

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See Ways Your Appearance Affects Your Paycheck . Here are some excerpts: "Men who are at least 6' tall make an average salary of $5...
3 comments:
Friday, February 25, 2011

The Percent Of The Civilian Noninstitutional Population Employed Since 1970

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(This is a post from last October with an update at the end, including a link to a comaparison of unemployment rates in different countries ...
Wednesday, February 23, 2011

We Spend A Much Smaller Percentage Of Our Incomes On Food And Clothing Than We Used To

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Economist Mark Perry has posted two great graphs at his blog (links to the two entries are below). But here are the graphs, They show that o...
Sunday, February 20, 2011

Can Some Places Really Be The "Best" Places To Retire To?

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See The Best Places to Retire Outside the U.S. But if people really believe this and many of them go to a given country, things won't be...
Saturday, February 19, 2011

Incentives Matter, Even When It Comes To Returning Bottles

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See Shades of 'Seinfeld': Maine bottle scam alleged form the AP. Here are the first two paragraphs: "A memorable "Seinfel...
Wednesday, February 16, 2011

Adam Smith, Marriage Counselor

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That is an article from the NY Times. Click here to read it . It is by Jenny Anderson, co-author of the book “Spousonomics,” written with Pa...
Sunday, February 13, 2011

A Special Valentine's Message On Romantic Love

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Below is a repeat of last year's Valentine's day post. First there are a couple of new links: The first one is Kisses unleash chemic...
1 comment:
Friday, February 11, 2011

New Technologies Open Up Oil And Gas Reserves

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In one of my macro sections this week we read a chapter from the book The Economics of Macro Issues about technology. It mentions how bette...
Wednesday, February 09, 2011

Should Children Be Forced To Visit Their Aging Parents?

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A couple of weeks ago I had a post about something from SuperFreakonomics , how children are more likely to visit their parents in nursing h...
Sunday, February 06, 2011

Will Computers Replace Professors?

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This past week in one section of my macro class we read a chapter about technology and how people respond to it from the book The Economics ...
Friday, February 04, 2011

Even If You Don't Like Sports, You Might Be Paying For Them

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See The Price of Football That Even Nonfans Pay by Mark Frost. From the Wall Street Journal, page D6, February 3, 2011. Cities spend tax pa...
5 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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