All Posts Tagged With: "The Jungle"
Henry Ford, Upton Sinclair, and Limits on Consumer Choice
Richard Coffman and Ashley Lyman are associate professors of economics at the University of Idaho.
Early in the twentieth century two prominent Americans, one a capitalist, the other a socialist, enunciated surprisingly similar views on the relationship between product differentiation and consumer welfare. The capitalist, Henry Ford, had revolutionized the young automobile industry, using mass-production techniques [...]
We Can Do Better than Government Inspection of Meat
E. C. Pasour, Jr., is an economist at North Carolina State University.
Last year’s news reports of tainted beef focused public attention on the safety of the meat supply. In August 1997, Secretary of Agriculture Dan Glickman forced Hudson Foods to recall 25 million pounds of hamburger meat produced at the firm’s state-of-the-art plant in Nebraska. [...]
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Government as Consumer
Destutt de Tracy, as I discussed last week, was a French economist whom Thomas Jefferson did his utmost... Read More
Profits, Losses, and Structural Change
A recurring economic theme of President Obama’s election campaign and presidency has been that previous... Read More
Underconsumption Is Not the Problem
Paul Krugman recently declared that our real economics problem is this: “What’s limiting employment... Read More
The Fruits of Imperfection
Beneath the nationalism and medal counts that seemed to dominate the Winter Olympic Games just ended... Read More
Jefferson’s Economist
In 1817 the Frenchman the Count Destutt de Tracy (1754-1836) published his Treatise on the Will and... Read More
