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Mike Hetherington's Library tagged economics   View Popular

27 Apr 07

Young Economist — AMERICAN.COM: A Magazine of Ideas, Online

  • How many of America’s uninsured could afford to buy coverage if they wanted to? The research, published last year in the Journal of Health Economics, found that as much as three-quarters of the uninsured population may be able to afford its own insurance. Even under the grimmest assumptions, one-quarter of the uninsured can already afford to buy coverage.
17 Apr 07

Greg Mankiw's Blog: Clinton vs Friedman

  • In 1979, the top 1% received about 9.3% of US income but paid 18.3% of all income taxes collected, while the middle class received 15.8% of US income but paid10.7% of all income taxes collected. As of 2004, the top 1% received 16.3% of income and paid 37% of all income taxes, while the middle class received 13.9% of income and paid only 4.7% of all income taxes. And let’s get real about “receiving income”. These people generated wealth.
  • If you really want to reduce carbon fuel usage, tax carbon usage more and tax productivty less.
15 Apr 07

Greg Mankiw's Blog: Bob Frank replies

  • But as tax rates rise beyond some critical level (which seems like a fascinating topic for inquiry), the rich will channel more effort away from income-generating activities, ie focusing on family, personal growth, charity, political ambition.

    The effect is to prevent risk-taking by those most able to take intelligent risks that create growth.
  • Slowly start raising the marginal tax rate from around 30% up to 100% on the top earners and watch our economy slow down to a European crawl. People will take less risk for the promise of reward (being context-successful). The bar will be lowered for all. Rent seeking will increase (EADS management anyone?)
03 Apr 07

Greg Mankiw's Blog: Wisdom from Warren

  • He wisely counsels that anything that happens to your finances is secondary to the important things in life – picking a suitable and compatible mate, developing a relationship with your children, and doing something that you enjoy
02 Apr 07

Why the Rich Get Richer

  • Networks often show power laws. They can be caused by the "rich get richer" effect, also known as "preferential attachment," where nodes gain new connections in proportion to how many they already have. That means some nodes end up with many more connections than others. The phenomenon is well known, but had been assumed to be just a fundamental property of networks.
28 Dec 06

Stephen's Web ~ by Stephen Downes ~

  • governments really need to stop with the rhetoric of 'competition', which is globally damaging and misrepresentative to boot.
14 Nov 06

Introductory Economic Analysis

  • A new open source economics textbook - mikeheth on 2006-11-14

2 Cents Worth » So What’s Different? (another questions post)

  • Will falling prices on hardware and software lead to increased use of digital technology in the classroom? - mikeheth on 2006-11-14
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