All Posts Tagged With: "substitutes"
Gun Control: An Economic Analysis
In Economics 101 we teach students about several fundamental concepts, including the relationship between means and ends, forward-looking behavior, the use of substitutes, opportunity cost, and the role of moral hazard. Further, we insist that these concepts can be used to help understand the world around us and have applicability far beyond the classroom. Yet, [...]
20Jan2009 | and Scott A. Kjar | 12 comments | ContinuedEconomics for the Citizen, Part IV
There’s a reggae song that advises, “If you want to be happy for the rest of your life, never make a pretty woman your wife.” Mechanics have been accused of charging women higher prices for emergency road repairs. Airlines charge business travelers higher prices than tourists. Car-rental companies and hotels often charge cheaper rates on [...]
1Apr2006 | Walter E. Williams | 0 comments | ContinuedEconomics for the Citizen, Part III
Someone might have made you a gift of The Freeman.
Does that mean reading this article is free?
The answer is a big fat no.
As Frank Chodorov Sees it
In the files of Congress there is a bill that proposes to invest the President with authority to regulate the market place. It is known as the “Stand-by Controls” bill. During the past two sessions the Administration has pressed for the passage of this bill, and continued pressure may be expected during the present session. [...]
1Mar1956 | Frank Chodorov | 0 comments | Continued-
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