Election Economics 2016: Equality or Efficiency?

With the presidential election only weeks away, it is time to return to our quadrennial series on the issues. While each Tuesday we will spotlight specific topics like the deficit and aging, I thought a philosophy definer was the right place to start. Where…

The Market System: Parking Ideas

Sort of like lunch, there is no such thing as a free parking space. It costs us dollars or time. Hoping to optimize so valuable a commodity, some cities are installing parking devices that use demand and supply to price…

Cost Benefit Analysis: Hand Drying

How about thinking economically when you dry your hands? Pulling together 12 studies on hand-drying, Mayo Clinic researchers did a cost benefit analysis of paper towels v. hot air. Because they were most concerned with hospitals and other health care facilities, bacteria…