Tag: Economics

6.6 Billion

According to the IRS, the federal tax code uses up 6.6 billion hours of time for people and businesses to fill out their tax forms. Now, to tell the truth, I sort of like doing my taxes. The numbers are…

How much is it worth?

Suppose you think the world would be a better place if there were no Walmarts in your town. Then the next question is, suppose you could live in the world where Walmart was not allowed, but you had less money.

Rationality

Occasionally there is some odd comment here or there on this site alluding to “rational choice” models. Now almost nobody in economics uses this phrase, because you don’t need a word to describe what everyone is doing. Yet rationality seems…

“Don’t Be Evil”

Unless you have been spelunking for several days, you have heard a lot more about Google recently than you ever wanted to know. (Of course, if you want to know even more, I invite you to check out my other…