Submitted by CARPE DIEM
From “Economics: Public and Private Choice” by Gwartney, Stoup, Sobel and Macpherson:
Guidepost #6 to Economic Thinking: “Economic actions generate secondary effects in addition to immediate effects.”
Pitfall #2 to Avoid in Economic Thinking: “Good intentions do not guarantee desirable outcomes.”
Application/Case Study:
Boston Globe article: “Smoking Bans Can Be Hazardous to Some People’s Health:”
A […]

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Submitted by The Capital Spectator
Inflation seems to be bubbling again in the U.S., but not enough to convince everyone that the pricing cat’s out of the bag. But if it’s still easy to dismiss America’s uptick in pricing pressures, the task becomes tougher when considered globally.
As inflationary sightings around the world rise, the probability also […]

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Submitted by Businomics Blog
I’ve been watching a business turn around.  I had not expected it to happen; in fact, I had predicted just the opposite.  The previous owner was a friend of mine, and I knew he wasn’t making much money.  When he told me he had a buyer, who was purchasing the inventory AND […]

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