Violations and Limitations of the Economist’s Ch
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The Economic Secret to Good Low-Cost Healthcare in
Offering “free” healthcare, reduced-cost care, and health insurance all have drawbacks...
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Why Prices Get Sticky When the Economy is Headed f...
When the economy encounters a negative demand shock, price flexibility (or lack of flexibi...
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The Economic Process of Perfect Competition
A wonderful thing about free markets and competition in the economy is that output is prod...
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The Effects of Inflation
In the United States, the economy is relatively stable and prices rise only a small amount...
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Why We Need Behavioral Economics
Conventional 20th-century neoclassical economics makes many accurate predictions about hum...
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The Economic Problem of the Tragedy of the Commons...
An important economic problem that results from poorly defined property rights that don’...
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How Economic Oligopolies are Regulated
In some industries, cartels are effective at reducing output and raising prices in the eco...
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When are Monopolies Good for the Economy?
In some cases, the economic benefits of monopolies actually outweigh their costs. Take a c...
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Why are Monopolies Problematic for the Economy?
The economy thrives on competition. When there is no economic competition, you see the eme...
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