World Cup 2006

Today begins the biggest event in sports.  No, I am not talking about the NBA finals (although the Dallas Mavericks did win game one); I am speaking of the World Cup 2006 and it begins at 9am today in Germany.  The schedule gives us 29 consecutive days of futbol.  If you think that soccer is just a game,…

Economics Jokes

To lighten your mood… A traveller wandering on an island inhabited entirely by cannibals comes upon a butcher shop. This shop specialised in human brains differentiated according to source. The sign in the shop read: Artists’ Brains $9/lb Philosophers’ Brains $12/lb Scientists’ Brains $15/lb Economists’ Brains $19/lb Upon reading the sign, the traveller noted, “My…

Economist’s Morality

I just finished reading The Kite Runner by Khaled Hosseini, a very entertaining novel about the maturation of a boy who grew up in Afghanistan and later emigrated to the United States.  In the book, there is a wonderful passage where the protagonist’s father lectures him on morality.  His speech is one with which most…

Better Health Care

When economists talk of improved healthcare, they are generally speaking of technological improvement or increased efficiency in the production of medical care.  When most people talk about better healthcare, “better healthcare” means more medical services for free.  The Angry Economist rants regarding the ‘something-for-nothing’ attitude of the general public. The very existance of that phrase…