Category Archives: Econ 101

econ 101 – people respond to incentives

Posted on May 23, 2013 by christopher fisher

Economics is all about the allocation of scarce resources, whether those resources be money, time, space, mental effort or any other reason. Human beings have unlimited wants, but limited resources to attain their wants. This means they must prioritize their … Continue reading →

Posted in Econ 101, Economics, Human Nature | Leave a comment

should climate scientists direct government policy

Posted on May 18, 2013 by christopher fisher

Climate science is hotly debated in the press. One side claims there is a solid and unimpeachable consensus on Global Warming (now being relabeled to Climate Change) and the other side points out that dissent is censored. But what if … Continue reading →

Posted in Econ 101, Economics, Science | 1 Comment

more price controls in action

Posted on May 17, 2013 by christopher fisher

In a hilarious article, it is being reported that Venezuela is going to import 50M rolls of toilet paper. When one sees headlines like this, the first thought that should run through their head is “price controls”. 10 out of … Continue reading →

Posted in Econ 101, Economics, Goverment | 1 Comment

Econ 101 incentives matter

Posted on September 18, 2012 by christopher fisher

What then will extremist Muslims see? They killed several Americans (maybe itself a plus from their view). In exchange, they’ve gotten America to submit to their will. And on top of that, they’ve gotten back at blasphemers, and deter future blasphemy. A triple victory. Continue reading →

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