China’s Very Mixed Economy

China’s social credit program is usually connected to social control. But I wonder if it’s also an economic system. Using information from “government blueprints, state-media reports and interviews with architects,” WSJ described what appears to be an evolving plan. Most basically,…

What an Egg Says About the Cuban Economy

Starting with an economist’s visit, we can look at eggs, healthcare, literacy and the GDP to debate Fidel Castro’s impact on the Cuban economy.

What an Egg Says About the Cuban Economy

Starting with an economist’s visit, we can look at eggs, healthcare, literacy and the GDP to debate Fidel Castro’s impact on the Cuban economy.

Weekly Roundup: From Bag Fees to Ambulance Meters

Weekly News Roundup Sunday 04.24.16 The incredible impact of self-driving cars…more Monday 04.25.16 The significance of a new skyscraper…more Tuesday 04.26.16 The benefits of bag fees…more Wednesday 04.27.16 The travels of a coffee bean…more   Thursday 04.28.16 Where health care is cheaper…more Friday 04.29.16 Why…

When the Price of an Ambulance Gets You Sick

Like a taxi, ambulances in Beijing will have meters with rates preset by a regulatory group because the ambulance prices that owners charged were too high.

Weekly Roundup: From the Diner’s Dilemma to Lost Labor

This week’s economic news summary includes the diner’s dilemma and marginal analysis, property rights in outer space, the Phillip’s Curve and unemployment.

Do You “Wanna Know What China’s Gonna Do?”

An economic development plan that is characterized by a top down command structure, China’s thirteenth five-year plan contrasts with the market’s bottom up.

A Command Economy: Playing the Game

Queue is now a game. But not always. In Poland, during the 1970s, you might have taken an hour or two off from work, rotating with a brother or sister, to stand in line. Everyone could have been waiting for…

Incentives: Should Doctors Be Paid For Performance?

I suspect that the incentives in New York’s doctor quality plan will have unexpected consequences. An incentive for results, bonuses will be given to NY hospitals that they share with their doctors. Described as a reward system and P4P, Pay for Performance, for quality…

Venezuela’s Prices

You might find it interesting to ponder the implications of the sign in a Venezuelan shopping mall which I saw on Harvard’s N. Gregory Mankiw’s blog. Called Mercado Bicentenario, the store was a part of a chain that had recently…