The Dangerous Economist

The Blog of Cyril Morong

Sunday, September 30, 2012

Second Quarter GDP Revised From A 1.7% Increase To A 1.3% Increase!

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My students know how sad and disappointing this news is. See GDP report: Economic growth revised lower . Why is this disappointing? Let...
Friday, September 28, 2012

The Supply And Demand Game

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I play it in each class I teach. A former colleague taught it to me many years ago. As far as I know, I use the game invented by Edward Cham...
1 comment:
Wednesday, September 26, 2012

How Much Do Environmental Regulations Cost?

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See the interesting post at Freakonomics . It mentions a paper by Michael Greenstone, John List, and Chad Syverson. Here is the abstract: ...
Sunday, September 23, 2012

Are "Soft" Skills Related To Unemployment?

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See Hard Unemployment Truths About 'Soft' Skills by NICK SCHULZ in the WSJ. Excerpts: "One of the [manufacturing] represent...
Friday, September 21, 2012

How Did Astronauts Of The 60s "Purchase" Life Insurance?

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See Neil Armstrong Couldn't Afford Life Insurance, So He Used a Creative Way to Provide for His Family If He Died . Excerpts: "Ba...
Wednesday, September 19, 2012

Has enough time passed so that everyone has forgotten that the economy ever had a problem?

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It still doesn't seem like it. See Lehman Brothers, We Heard You Were Dead by ADAM DAVIDSON in Sunday's New York Times . He has a g...
Sunday, September 16, 2012

Will Moving To NCAA Division I Status Pay Off For The University of the Incarnate Word?

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See UIW looking to score more than points with football from The San Antonio Express-News . "To understand why the University of th...
Friday, September 14, 2012

Lobster Wars: U.S. vs. Canada

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Update 9-19: The Washington Post reports US seafood catch reaches 17-year high, all regions show increases in catch numbers . It looks l...
Wednesday, September 12, 2012

Did a Nobel prize winning economist mathematically prove that character matters?

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See Opting Out of the 'Rug Rat Race': For success in the long run, brain power helps, but what our kids really need to learn is grit...
Sunday, September 09, 2012

Captain Morgan's spiced rum at $47.52 a half gallon?

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That is in Longview, Wash. See Liquor Buyers Cross State Line: Prices Went Up—Not Down—After Washington State Ended Control of Booze Sales ,...
Friday, September 07, 2012

Why Would A Weak College Football Team Agree To Play A Vastly Superior Team That Everyone Knows Will Win Easily?

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Money. See Thrash-for-cash not such a bad thing for a financially strapped Savannah State . Yes, there is a Savannah State University and it...
Wednesday, September 05, 2012

Maker Of Thalidomide Apologizes

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Thalidomide was sold to pregnant women in the 1950s and early 1960s to cure morning sickness. It was made by the German company Grunenthal. ...
2 comments:
Thursday, August 30, 2012

Another Semester Has Started

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Welcome to any new students. I usually post something three times a week on Wed., Fri. and Sun. The next post should be next Wed. The entrie...
1 comment:
Thursday, May 31, 2012

Cartoon Teaches Economics "By Word Of Mouse"

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It has Sylvester the cat but the real star is a little mouse who is an econmics professor. It is called "By Word Of Mouse." It wa...
5 comments:
Monday, May 28, 2012

Great New Book On Neuroscience By Economist Paul Zak

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It is called The Moral Molecule: The Source of Love and Prosperity . Zak coined the term neuroeconomics but this book seems to be about so m...
2 comments:
Wednesday, May 02, 2012

Joseph Campbell Meets Joseph Schumpeter (The Entrepreneur As Hero)

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(Published in The New Leaders: The Business Bulletin for Transformative Leadership, November/December 1992.) Entrepreneurs are ...
2 comments:
Friday, April 27, 2012

Is There A Tradeoff Between Helping The Poor And Protecting The Environment?

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See Brazilian Forestry Legislation Advances By JOHN LYONS of The Wall Street Journal . It is about a law that Brazil just passed. Excerpts:...
1 comment:
Wednesday, April 25, 2012

Does Neuroscience Prove That You Should Follow Your Bliss?

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The Freakonomicis guys , STEPHEN J. DUBNER and STEVEN D. LEVITT wrote an article in 2006 in the NY Times magazine called A Star Is Made . ...
Sunday, April 22, 2012

You've Heard About Death And Taxes, But What About Taxes And Death?

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See Fatal car wrecks jump on tax day by Aaron Smith of CNN. Excerpts: "The odds of getting into a fatal crash increase by 6% on tax ...
Friday, April 20, 2012

Are rich taxed less than secretaries?

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Click here to read the article
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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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