Jeff Walden linked to a great paper:The Deadweight Loss of Christmas by Joel Waldfogel. Given the economy this several year old paper is extremely relevant and interesting. Something to keep in mind when merchants report their holiday sales statistics.
I remember a discussion on this in college (likely an economics class). It’s a [...]
Posts Tagged ‘economics’
Christmas Economics
What Is Money?
Here’s an amusing video from 1947 titled “What is Money?” Considering the economy right now, not a bad one to watch.
[Hat tip: The Consumerist]
There’s No Such Thing As A Free Lunch
Many think that tax rebates they will soon receive thanks to the economic stimulus package recently passed is “free money”. Reality is that unless you made less than $3,000 or suddenly have a change in income between now and next year, that’s likely not the case. As this MSN Money article puts it:
Remember, [...]
