Those charging clients for tarot readings, curses, and blessings must now pay a 16 percent income tax and make contributions to health and pension programs.-By rob on 2011-06-20
The "Heart of Economics"
I'm currently teaching a course on "the economics of social problems." It can be a tricky course because I need to communicate to students that, for example, poverty is about more than low income. Its also about opportunities, happiness or well-being, cognitive adaptations (i.e., beliefs) and more.
Minimum Wage Increases
The U.S.'s federal minimum wage is set to rise in a few days. This is part of a three step increase passed in 2007. A new editorial by David Neumark in the Wall Street Journal provides some analysis of the minimum age with particular attention to raising it at this time:-By rob on 2009-06-13
Upcoming Fund Raiser in Calgary
I've been doing some research on charitable giving, not looking at the motives as much as the mechanisms organizations use to raise funds. So its in this respect that I'm posting the following regarding an upcoming event in Calgary to raise funds for Janus Academy, a school specializing in the education of children with autism: -By rob on 2009-06-13
Amartya Sen on Adam Smith and the current economic crisis
Nobel Prize winner Amartya Sen has a new article in the Financial Times. In it he discusses how Adam Smith did not imagine markets as the neoclassical models currently place them. In particular, markets (in Adam Smith's view, as discussed by Sen) exist within a structure of institutions. I find the following excepts particularly interesting: