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Monthly Archives: June 2011

If you look at Bastiat’s writings, you will notice a major theme.  Freer trade improves the lives of people in the society, while protectionism promotes the interests of some at the expense of others in the society.  In this recent article in The National, the prominent Indian economist, Jagdish Bhagwati, repeats Bastiat’s theme of free […]

Contrasting to gas prices seen earlier this month, I saw the lowest gas prices I have seen in a while as I drove to New Orleans tonight.  I saw gas prices around $3.32 in Boutte, and then down to $3.29 by Avondale and then down to as low as $3.19 in Westwego.  I wondered why, […]

In any basic microeconomics class, the role of information, especially about prices for competing goods, is discussed.  In this article from NBC33 News, a Baton Rouge plastic surgeon, Dr. Jonathon Kaplan, has created a smart phone app for patients to search through the prices for local medical procedures.  By better informing patients about alternative sources and […]

It is too early to even tell what Google may be accused of, but the Antitrust division of the Federal Trade Commission is subpoenaing Google and is clearly suspects something, surely of monopolizing.  See this article from the New York Times.  But what does it mean “to monopolize?”  Merely “having” a monopoly is quite different from monopolizing, […]

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