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Home/ Jacob Solomon's group - M2015(B)/ Contents contributed and discussions participated by Jakub B

Contents contributed and discussions participated by Jakub B

Jakub B

Reform Conservatism and a Smarter Supply Side Tax Agenda - 0 views

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    The article states in a very clear way which supply-side policies are effective and describe their advantages and drawback. It also refers to the usual 'conventional' policies that can do more harm than help. It ends with a recipe for the proper use of supply-side policies.
Jakub B

Monoposony Begets Monopoly, And Vice Versa - 2 views

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    The article describes a situation in which a company that is a monopoly becomes a monopsony. It also shows that a merge of two separate companies is very dangerous to the society.
Jakub B

The Country Where Unemployment Is Better Than Employment - 0 views

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    The article discusses the problem of job allowances and other benefits that discourage people from working. Germany is an example of such a country and its policy is described in the article.
Jakub B

Traders urge tight watch over maker of cheap cigarettes - 0 views

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    MANILA, Philippines-The chair of the 800-member Federation of Philippine Industries (FPI) on Monday called for a "24/7 close monitoring" of the trading practices of low-cost cigarette manufacturer Mighty Corp. by the Bureau of Customs (BOC) and its mother agency, the Department of Finance (DOF).
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    The article describes the prevention of the use of economies of scale that can be harmful to the society. It controvetially discusses a way of making great revenues and profit without looking at the social costs.
Jakub B

Exporters shift production to countries with lower energy costs - 0 views

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    The article is about Greek firms that use offshoring to reduce the costs of production. They have been shifting production to countries like Bulgaria in a greater and greater extent. As the producers claim, they can spend only a third of their former costs in countries less developed than Greece.
Jakub B

Are children a public good? - 1 views

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    The article discusses the topic that regards children as a 'public good' and treats natural increase as a problem that should matter every citizen of a particular state. The selfisg parents do not invest money in their children since they cannot see any potential benefits from children and also can get pension when they will be elderly Therefore, the parents do not compete to have the best child (because it is costly). There are high IQ children who tend to be more beneficial to the society, while others tend to be less productive. Eventually, the author disagrees with the considered statement as the obtained knowledge as a part of human capital is excludable.
Jakub B

Why do economists describe climate change as a 'market failure'? - 0 views

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    When free markets do not maximise society's welfare, they are said to 'fail' and policy intervention may be needed to correct them. Many economists have described climate change as an example of a market failure - though in fact a number of distinct market failures have been identified.
Jakub B

Price controls make a statement about society - 0 views

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    The author discusses the problem of shortage and other negative effects caused by regulating prices. He also charaterize people who argue that price controls are beneficial. The society, according to Art Carden, determines whether to use aforementioned regulations or not, and therefore should not be proud of making utopian schemes that in reality are detrimental.
Jakub B

Coal subsidies 'should' end in 2014 - 0 views

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    The author discusses the problem of coal production, greenhous gases emissions and subsidies that are in use because of many ordinary employees who when fired can make a strike. There is also a detail that can draw one's attention - the article is outdated (it was written in 2010). The main thesis reflected with reality is probably false since coal subsidies are still popular.
Jakub B

The End Of Elastic Oil - Forbes - 1 views

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    Although there are discovered new sources of oil (e.g. in Saudi Arabia), the suppliers have to drill deeper which is time-consuming and therefore the costs of production rise. 'In economic terms, the oil supply is becoming less elastic as new oil supplies come increasingly from unconventional oil.'
Jakub B

Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers? - 2 views

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    The article's main topic is describing the reasons of not adapting supply of lawyers. Although the demand for their services is decreasing, their wages are still as during typical prosperity. The author states that the unwilling law milieu, It is an example of a supply curve which do not change in order to get equilibrium price. The reference to the game theory indicated in Johnson's essay which considers such stalemate as 'lose-lose situation'.
Jakub B

Super Bowl XLVIII Pricing: A Lesson In Demand Elasticity - Forbes - 1 views

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    The author describes inelastic demand taking the Super Bowl as an example of pricing in many other sports.
Jakub B

Food Scarcity May Leave World Hungry Despite Growth - 0 views

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    The article focuses on 'bigger problem' than economical growth in the US. It mentions rapid increase in prices of food (e.g. corn). The writer also compares the growth of median income with the upsurge of essential nutrients.
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