Category Archives: Economics

Understanding Supply and Demand Graphs

Posted on August 29, 2017 by christopher fisher
Posted in Econ 101, Economics, prices | Leave a comment

making sense of the Bible

Posted on May 22, 2016 by christopher fisher

Don Boudreaux observes that theories are narratives that we tell to make sense of the data. This is true for any discipline: Each semester I teach my freshman students that theories are simply stories that we tell in order to … Continue reading →

Posted in Bible, Economics | 3 Comments

why income taxes cannot be targeted

Posted on April 14, 2016 by christopher fisher

See also: https://mises.org/library/new-confusion-about-taxes

Posted in Econ 101, Economics | 1 Comment

a first class economist on the minimum wage

Posted on November 27, 2015 by christopher fisher

An important post on the Minimum Wage debate. Don Bourdreaux posts some blog comments from an anonymous commenter. Excerpts: On possible unintended consequences: (1) Low-skilled workers can be replaced by slightly more-skilled workers once the wage difference between them has … Continue reading →

Posted in Econ 101, Economics, Incentives Matter, Price Controls | Leave a comment

why economists are more reliable than doctors on health issues

Posted on May 2, 2015 by christopher fisher

Russ Roberts and Emily Oster explain exactly why Economists should be the more trusted individuals for health decisions. Roberts also explains why doctors are particularly ill-suited to make health related recommendations. The reason is that doctors generally do not understand … Continue reading →

Posted in Econ 101, Economics, Statistics | Leave a comment

professional photographer 2 minutes of hate

Posted on April 16, 2015 by christopher fisher

April 15 is known as Tax Day in America. Within the professional photography community it is a day of rage. In 1984 terms, it is their Two Minutes of Hate. Up to a third of photography business profits might be … Continue reading →

Posted in Econ 101, Economics, Goverment, Incentives Matter, Price Controls, prices, Standard of Living | Leave a comment

tucker on spontaneous order

Posted on March 24, 2015 by christopher fisher

Jeffery Tucker summarizes organic and spontaneous order: The problem is becoming an anarchist is then you have to defend the idea. Then you have to say, well, you know, a society without an institutionalized and legal font of aggression in … Continue reading →

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taxi avoidance of regulation

Posted on August 14, 2014 by christopher fisher

About 14 million people live in Bangkok. The city is a sprawling maze of streets with the traffic density to match. Most residents drive scooters, but plenty of cars are also to be found. Many (a visible estimate of half) … Continue reading →

Posted in Econ 101, Economics, Incentives Matter | Leave a comment

price fixing in phuket

Posted on August 14, 2014 by christopher fisher

Recently I had a chance to visit Phuket, a tourist Island in southern Thailand. Hotels during the off season were priced reasonably, $15 dollars a day for a queen bed and hot shower. But, food and clothing prices seem to … Continue reading →

Posted in Economics, Price Controls, prices | Leave a comment

weaknesses of the left

Posted on August 7, 2014 by christopher fisher

Scott Sumner identifies some weaknesses in left wing thinkers: Weakness #1: Intellectuals on the left go through the following thought process. First they observe a “problem.” Then they declare a “market failure.” Then they consider what sort of government policy … Continue reading →

Posted in Economics, Human Nature, Leftists, Science, Women | Leave a comment