Category Archives: Econ Question

Marketing Digital Media and Price Discrimination Genius

I don’t buy much music.  Last album was U2’s No Line on the Horizon.
Today I bought an interesting package of permissions to Derek Webb’s new album, including a T-Shirt.  I didn’t notice if there was a bumper-sticker.
The entire marketing campaign for this album was interesting, including obscure clues to hidden copies of portions of the [...]

Culs De Sac

this is the proper spelling of the plural.
Virginia’s DOT recently changed the rules for developers building new neighborhoods.
They don’t want any more culs de sac.
They say culs de sac generate traffic bottlenecks and make it difficult for the state to maintain roads, and for emergency vehicles to access neighborhoods.
Maybe they do.
But traffic bottlenecks can be [...]

Cheating Kills IP and Pushes Innovation Forward

So, I’ve been learning the same stuff as many other Economics students around the world have been learning for the last year.  Some teachers are better than others at presenting material.  But many of them have been using the same set of questions and answers for years.  Most of these questions and answers are freely [...]

Consumerism vs. Capitalism vs. “Capitalism”

In conversations about difficult topics it is important to share definitions.  Capitalism is a word of many meanings.
In this conversation I lay out a defense of what I consider pure Capitalism and how Christians ought to behave among themselves, and what positions they ought to advocate – if any – in public policy debates.  I [...]

Fighting Over Surpluses

Kids often fight over things which were gifts from their parents.
Suppose I slice a cake into several (unequal) pieces, and distribute them to my children.  Now, this is cake mind you, not bread, not water.  It is a pure bonus.  Dessert.  So I dole out the cake.  It is quite likely that an argument will [...]

The ARDA Survey, my results

I highly encourage all of you to go take this short survey.  My results demonstrate how rare a bird I am.  I would have liked to have some of the questions worded differently, but I doubt very many other people would recognize the significance in the changes I would make – least of all the [...]

Four Great Questions:

A high school student is thinking of majoring in economics and asks the following questions, with my responses indented:
1. What major biblical/moral principles would guide you in your philosophy/understanding of economics?
I could write a book and not fully unpack this question.  I believe in limited government, voluntarism, common law processes, and the Christian Ethic.  More [...]

International Justice Mission

  Our church was visited by a pastor who works with International Justice Mission (IJM) this morning.  He spoke of their efforts to rescue oppressed people out of slavery and forced prostitution around the world.
To me, these are the least of these.  They ought to be absolute top of the church’s list of people we [...]

Stop Fussing

Sometimes I take a moment from complaining about the rise of the state, and the mistakes of Christiandom, to recognize how good we have it.  I mean all of us.  Everywhere in the world.  People today are better off than they were 20 years ago period.  I’ve been driving my grandmother’s hand-me-down 1983 Chevy Malibu [...]

An Essential Exercise

Are humans only rational? Or are we egalitarian? Might it be rational to be egalitarian?
Ken Watts at the Daily Mull recounts:
The experiment was performed by Arthur Kennelly and Edmund Fantino:
Individuals were given a choice:
A. You are given 5 dollars and another person is given 3 dollars. or,
B. You are given [...]