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.
Our everyday economics includes property rights, sovereign debt, default,, externalities, regulation, Pigovian taxes, incentive, state taxes, and oligopoly.
The Supreme Court is deciding if the USDA can affect raisin grower property rights though a raisin reserve that mandates crop surrender to prop up price.
Regulation of innovations like drones can take us back to old economic principles like property rights that have supported the market system for centuries.
Our week’s everyday economics include inflation, supply and demand, income mobility, property rights, incentives, default, CDS, and monopoly pricing.
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
