Kosovo as a Case Study for Culture Shock Conflict

One sort of conflict which can occur is conflict which results from culture shock. Society develops entrenched institutions over time, but when culture rapidly shifts then the social institutions may become undesirable by the new culture. When the new culture rejects society’s current institutions, this is a kind of conflict. There are two responses to … Read more Kosovo as a Case Study for Culture Shock Conflict

Snopes vs Monster Energy Drink Lady

Lately the following video has been going around the internet: The lady in the video basically thinks Monster Energy Drinks are somehow in the interest of Satan. This Snopes article says they aren’t. I’m not convinced by either party, but I wanted to make a couple points missed out on by the Snopes article and … Read more Snopes vs Monster Energy Drink Lady

Macroeconomic Policies and Heterogeneity Problems

One problem in affecting aggregate measures of the economy, such as employment or demand, through policy is that the natural rates of these measures represent an equivocated basket of heterogeneous information. For example, aggregate demand really represents the sum of the demand of different kinds of goods. One resulting problem is that if we say, … Read more Macroeconomic Policies and Heterogeneity Problems

Technology v Poverty, and Keynesian Multiplier Problems

This article makes note of two other recent articles and my comments regarding them. To Cowen’s recent article, How Technology Might Someday Fight Income Inequality, I commented on the page as follows: I think every good discussion on the way in which technological progress reduces income inequality must mention a few items: 1) Real income … Read more Technology v Poverty, and Keynesian Multiplier Problems

Immigration Issues Continue

As the U.S. continues to deal with immigration issues, this article summarizes some recent points. Not All Immigration is the Same The difference between legal and illegal immigration is an important one, as is the difference between low and high skill immigration. Illegal immigration involves individuals who have a higher propensity to engage in illegal … Read more Immigration Issues Continue

Illiquidity and the Hot Dog Effect

This article uses an example of buying hot dogs and hot dog buns to illustrate how liquidity in a market can improve efficiency. Hot dogs and hot dog buns are often sold in incompatible quantities. This causes us to consume more or less than our ideal basket of consumption. For example, you may be able … Read more Illiquidity and the Hot Dog Effect

Is Government Spending Better Than Reducing Taxes?

The traditional Keynesian view is that government spending is better than reducing taxes for stimulating the economy. I disagree. The answer to an Aplia assignment question which accompanies a popular Mankiw economics textbook mentions the following: Traditional Keynesian analysis indicates that increases in government purchases are a more potent tool than decreases in taxes. When … Read more Is Government Spending Better Than Reducing Taxes?

Neil deGrasse Tyson Equivocates on Global Warming

Global warming and climate change are not the same thing. Global warming is the idea that the globe is becoming increasingly hot. Global warming alarmists will also say that it is becoming increasingly hot at rapid pace, it’s dangerous, and it largely caused by humans (“anthropogenic”). Climate change, depending on its use, means anything from … Read more Neil deGrasse Tyson Equivocates on Global Warming