The Dangerous Economist

The Blog of Cyril Morong

Wednesday, January 30, 2013

Tradeoffs: More Goods And Services Might Mean Less Clean Air

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In my macro classes this week, we covered opportunity cost, the idea that there is no such thing as a free lunch. See Pollution highlights t...
Friday, January 25, 2013

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...
Monday, January 07, 2013

Structural Unemployment In The News-Computers Can Now Tell Jokes

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See A Motherboard Walks Into a Bar ... by ALEX STONE, from yesterday's NY Times. There is a program "called Standup (for System...
Sunday, December 30, 2012

The Jazz Protagonists Perform Heroic Tribute To Dave Brubeck At Boardwalk Bistro And The Joint Was Really Flipping

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Dave Brubeck died on December 5. The music the Jazz Protagonists played last night was great, lots of Brubeck's best stuff. Here is a li...
Thursday, December 27, 2012

Jerry Seinfeld, Like The Novelist Marcel Proust, Is A Neuroscientist

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Here is what Jerry Seinfeld said in last Sunday's New York Times Magazine about why he keeps practicing his stand up act: "When ...
Wednesday, December 26, 2012

The San Antonio Express-News Printed My Op-Ed On Taxes And Spending

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It was in today's paper. Here is the link: Cut government spending to boost economy . Here is the article in case the link does not last...
Saturday, December 22, 2012

President Obama Vs. Nassim Nicholas Taleb: Who Has The Best Statement For NATIONAL ENTREPRENEURS' DAY?

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Here is what President Obama said: “During National Entrepreneurship Month, we celebrate the hard work, ingenuity, and courage of our thin...
Wednesday, December 19, 2012

Great Blog-Entrepreneurship Matters

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Here is the link Entrepreneurship Matters It is by Paul McManus. It is "An exploration of entrepreneurial thought and action for hi...
2 comments:
Tuesday, December 18, 2012

The Sound of a Dry Martini: Remembering Paul Desmond-Great Jazz CD by Brent Jensen

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Paul Desmond played the alto saxophone with the Dave Brubeck Quartet. He said that he wanted to sound like a dry martini. On this CD, Jensen...
Sunday, December 02, 2012

Greece Tries Again to Cut Tax Evasion

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Click here to read The Wall Street Journal article . Excerpt: "Customers of all sorts of businesses in Greece will be able to walk aw...
2 comments:
Friday, November 30, 2012

More On Poverty

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Last year I had a link about the Gini coefficients for wealth. Go to What has happened to the distribution of wealth in recent years? To ...
Tuesday, November 27, 2012

Some Possibly Surprising Facts About Poverty

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I have been covering poverty and the distribution of income in micro this week. Here are some interesting links from the blog of economist M...
2 comments:
Sunday, November 25, 2012

Real Per Capita GDP Over Time

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I used data from the Commerce Department's Bureau of Economic Analysis. The graph below shows GDP per capita in 2005 dollars since 1929....
1 comment:
Friday, November 23, 2012

An Essay In Honor Of "Small Business Saturday" And Entrepreneurs Everywhere

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Tomorrow is "Small Business Saturday." Here is what an article from the San Antonio Express-News says about it: "American ...
2 comments:
Wednesday, November 21, 2012

Parkinson's Law: A Book That Should Be Required Reading At All Colleges

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It was written by C. Northcote Parkinson. Click here to go to the Amazon listing . Here is there description: "Parkinson's Law s...
2 comments:
Sunday, November 18, 2012

Are Electric Cars Cost Effective?

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See JD Power study: Electric vehicle economics don't pencil out . Excerpt: "“EV owners report an average monthly increase in thei...
7 comments:
Friday, November 16, 2012

Are Pessimistic "Animal Spirits" Still Hurting The Economy?

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Ben Bernanke seems to think so. See Bernanke: Banks' tight standards hurting economy . "Federal Reserve Chairman Ben Bernanke say...
1 comment:
Wednesday, November 14, 2012

Why High Taxes To Pay Back The Debt Might Be A Problem For Economic Efficiency And Future Economic Growth

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This is a continuation of Sunday's topic. Suppose that you buy a new shirt every month for $20. But now there is a high tax on shirts ...
Sunday, November 11, 2012

The Deficit Trials 2017 A. D.

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I recall a commercial like this back in 1985 or 1986. It paints a bleak picture of America in the future, presumably caused on the growing n...
Friday, November 09, 2012

A College That Costs $61,236 A Year?

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It is Sarah Lawrence College. That includes tuition, fees, room, and board. See Sticker Prices Go Up at Public 4-Year Colleges, but at a Slo...
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About Me

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