|
Price Controls
A Category Archive (39 entries)
|
|
January 7, 2013
Economics of Health Care
Garett Jones
In the 1990's and 2000's, as more violent criminals were thrown into prison and, partly for that reason, violent crime rates fell, the media had a wave of stories with titles like this: "Despite falling crime rate, prison populations rise."In... MORE
November 28, 2012
Bryan takes me to task for my prediction that free market airline security would still be rigorous and intrusive. His prediction: ..here's one massive cost-cutting, convenience-raising change I'd predict in a free market: Profiling. Private security firms would still claim to... MORE
November 26, 2012
Labor Market
David Henderson
In response to co-blogger Bryan Caplan, John Smith argues that Singapore needs conscription. Here's where economics is really helpful: in helping us understand the distinction between how big a military to have and how to man a military. Smith argues... MORE
October 30, 2012
Price Controls
David Henderson
I had thought that pretty much all economists agreed that price controls during disasters are a bad idea. But Northwestern University economist Jeff Ely has a different take. He writes the following: But in fact it is quite typical for... MORE
August 22, 2012
Regulation
David Henderson
Holman Jenkins has hit a home run with his analysis in today's Wall Street Journal of the CAFE (Corporate Average Fuel Economy) mess. It's titled "GM Faces Its Own Regulatory Cliff." I've written about this here, here, here, and here.... MORE
July 26, 2012
International Trade
David Henderson
An increasing reliance on imports, combined with the fraying of the nation's power grid, highways and rail lines, leaves the United States more vulnerable to the damage of natural disasters and terrorist attacks, according to a report to be released... MORE
July 14, 2012
Economic History
David Henderson
In the Weekend Interview in today's Wall Street Journal (WSJ editor Rob Pollock interviews George Shultz), Shultz says the following: And one thing you know from experience is when you control the price of something, you end up getting less... MORE
March 5, 2012
Economics of Health Care
David Henderson
Moreover, contrary to widely accepted conventional arguments on the subject, free-market sales of bodily organs can actually lower their effective prices. In this article, we focus on the market for transplantable kidneys, but only for purposes of illustration. The points... MORE
February 10, 2012
Price Controls
Arnold Kling
Peter Dorman writes, In fact, advocates for rent control have taken Econ 101 (most of them), but they just disagree on how large the positive and negative impacts are. The purpose of economics should be to help us think clearly... MORE
December 24, 2011
Price Controls
David Henderson
Many of us libertarian economists, even relative veterans such as me, are so used to seeing the late Murray Rothbard attack the "Chicago School." So the following from Rothbard came as somewhat of a surprise: It was in this stifling... MORE
November 21, 2011
Economics of Health Care
David Henderson
This is just out. I like the point Professor Taylor makes near the end about how virtually everyone involved in the transplanting of a kidney from one person to another is paid except the person who gives up a... MORE
November 12, 2011
Price Controls
David Henderson
That's the gist of what Lorri Marquez Chapman of West Hartford, Connecticut wrote in a letter to the Wall Street Journal today. She was responding to a modest proposal by Sally Satel for people to be able to donate their... MORE
June 2, 2011
Economic Philosophy
Bryan Caplan
David Henderson argues that (thanks to the Gipper, no less), Medicare imposes price controls on health care:But what made it a system of price controls was that the government, along with DRGs, made it illegal for hospitals to charge even... MORE
November 22, 2009
Labor Market
David Henderson
Like Bryan, I received the same request from the same friend: what question(s) would I want to put on a survey of economists. My response was that I would want the question on the minimum wage asked accurately instead of... MORE
March 10, 2009
Price Controls
David Henderson
In a recent article in the New York Times about people living in rent-controlled apartments in New York city is the following telling section: But having made it through the 15-year real estate boom with their tenancy intact, the O'Neals,... MORE
December 17, 2008
Price Controls
David Henderson
In yesterday's post, I stated: David Kennedy makes the claim that rationing was not used extensively in the United States during World War II. I think he's wrong. Read sometime about how people couldn't drive their cars due to gas... MORE
November 20, 2008
Price Controls
David Henderson
As someone who has taught economics for 28 of the last 33 years, I thought I had pretty much seen everything a student could come up with in an introductory course in which the issue was rent control. What I'm... MORE
September 16, 2008
Price Controls
Arnold Kling
From Don Boudreaux, This morning your reporter interviewed a resident of Galveston, Texas, about the effects of hurricane Ike. The person interviewed said that she went to the gasoline station before Ike hit to "top off" her tank. But she... MORE
September 12, 2008
Price Controls
Arnold Kling
The Knoxville Sentinel reports, Knoxville-area drivers are seeing more bags on gasoline pumps today as a petroleum shortage spreading throughout the Southeast hits local gas stations, groceries and convenience stores. But thank goodness there is no price gouging. Russ Roberts... MORE
May 7, 2008
Price Controls
Bryan Caplan
How expensive will gasoline have to get before the federal government brings back price controls? My guess is $5.50. What's yours?... MORE
January 30, 2008
Price Controls
Bryan Caplan
Yesterday I was explaining Singapore's clever approach to fiscal stimulus to Russ Roberts at lunch. During the explanation, I realized that I should probably back up and explain how tax cuts works in markets with price controls. But since I... MORE
September 4, 2007
Price Controls
Arnold Kling
Richard E. Wagner writes, There is an equivalence between a tariff and a quota as these are drawn on the blackboard...They are not, however, equivalent in practice. A tariff and a quota generally involve different institutional frameworks...With the quota, the... MORE
July 17, 2007
Price Controls
Arnold Kling
The Guardian reports President Robert Mugabe's order that all shop prices be cut by at least half, and sometimes several times more, has forced stores to open to hordes of customers waving thick blocks of near worthless money given new... MORE
December 29, 2006
Price Controls
Bryan Caplan
According to an engrossing biography of a Saudi princess I was reading, the Saudi government has imposed price controls on dowries. In the Saudi context, this means that the amount of money that men pay the family of the bride... MORE
March 12, 2006
Price Controls
Arnold Kling
Tyrone writes, Minimum wages probably lower the net amount of government intervention in an economy. Lower minimum wages would mean higher welfare payments to make up the difference. Ever heard of EITC? In reality, minimum wages and EITC work together... MORE
January 17, 2006
Price Controls
Bryan Caplan
As couple days ago, I wrote: But if my analysis is right, there will be some lucky workers who keep their jobs, don't immediately see their wages fall, and get extra health care. It will be easy to run a... MORE
January 11, 2006
Price Controls
Bryan Caplan
Tom DiLorenzo has a charming anecdote in the latest issue of the Free Market: During the post-war occupation of Germany, American "planners" rather liked the Nazi economic controls, including price controls, that were in fact preventing economic recovery. The notorious... MORE
October 10, 2005
Price Controls
Bryan Caplan
I just caught a story on Cap'n Arbyte that has to be read to be believed: Gasoline price controls in Iraq are responsible for retail gasoline shortages and a withering decline in refining capacity. BAGHDAD, Iraq (Reuters) — The country... MORE
September 1, 2005
Price Controls
Arnold Kling
The price gouger's best friend is my colleague Don Boudreaux. His latest letter-to-the-editor (he emails these to those of us on a distribution list, whether they wind up published or not) puts it quite succinctly. Byron Kass correctly notes (Letters,... MORE
July 7, 2005
Price Controls
Bryan Caplan
Radley Balko amusingly reveals that ACORN, a group that crusades for the minimum wage, has been trying to pay its employees below the minimum wage for years. Ad hominem attack, right? No, there's more to it: In a suit ACORN... MORE
August 13, 2004
Price Controls
Michael Munger
by Michael Munger Guest Blogger States have some ridiculous laws on the books, but some of the most interesting, popular, and ridiculous are those on price regulation. At bottom, they come down to this: Wouldn't it be better if there... MORE
December 14, 2003
Price Controls
Arnold Kling
Jonathan Oberlander and Jim Jaffe think that drug price controls are on the horizon. They say that this is what happened to payments to physicians and hospitals under Medicare. The government has habitually responded to budget stresses by changing the... MORE
November 30, 2003
Price Controls
Arnold Kling
Edward Lotterman tells fellow Minnesotans a parable to try to help them understand drug re-importation. The incomes of U.S. surgeons are substantially higher than those in any other country in the world. U.S. hospitals could save consumers tons of money... MORE
November 20, 2003
Price Controls
Arnold Kling
Some economists published a petition against drug price controls. Drug-price controls are more difficult to remove than other price controls. Controls on oil and other products often tend to be limited or short-lived, as voters eventually object to the resulting... MORE
October 1, 2003
Regulation and Subsidies
Arnold Kling
Posting here will be infrequent until later in October. Meanwhile, here are some links that may be of interest. Is the insecurity of Microsoft software an externality that should be regulated or taxed? An example of professional licensing as rent-seeking... MORE
September 23, 2003
Price Controls
Arnold Kling
C.C. Kraemer argues that laws against price gouging are a bad idea. rather than harming the victims, the profit motive actually helps them because the result is an increase in supplies. That assures that everyone who needs the plywood will... MORE
September 18, 2003
Income Distribution
Arnold Kling
Marc Brazeau asks (see Steve Antler's site), Two common arguments against raising the minimum wage are possible inflationary effects and job loss. Why aren't these issues raised in relation to executive compensation? I think that the conventional wisdom is that... MORE
August 18, 2003
Microeconomics
Arnold Kling
About a year ago, the big story in our local suburban newspaper was the adoption of a "living wage" bill in our county. This summer, the big story was the shortage of teenage jobs here. I was tempted to write... MORE
January 27, 2003
Price Controls
Arnold Kling
How has rent control worked in New York City? Exactly as textbooks would have predicted, according to this essay by William Tucker in the New York Post. During the 1920s, builders put up nearly 100,000 new apartment units a year.... MORE
Return to top
|
SHARE