Newspapers: Do we need them?

Denver’s Rocky Mountain News: closed.  Seattle’s Post Intelligencer: closed.  San Diego’s Union Tribune: sold to a private equity firm.  The demise of the newspaper has been reported across different media.  The question is, do we really need newspapers or can the internet do just as good a job?  Below, I look at all the sections of…

Loss Aversion and Autism

If you have $50, would you rather lose $30 or keep $20.  After a little bit of thought, you probably realize that these are the same thing.  Experimental economists, however, have generally found that individuals will go to great lengths to avoid the $30 loss.   This phenomenon is named  loss aversion.   In prospect theory, loss…

Should Water be Free?

No matter the price, John Keesecker of Food and Water Watch argues that selling water for profit is a bad idea. Keesecker: “I think when folks see water being privatized, they see a price being put on something that’s essential.” – Marketplace. Should water be free?  Water is a necessity.  Without it, you cannot live.  In an egalitarian…

Life Expectancy in Latin America

Soares (2009) examines the relationship between income and life expectancy around the world and particularly with respect to Latin America.  Table 1 shows GDP growth per capita and life expectancy increases around the world.  Table 2 decomposes the gains in life expectancy by age group.  Some notable findings are: We see significant progress in East…

Free Academic Articles Online: A Good Idea?

The Wilson Quarterly looks at whether or not putting academic journals online is a good idea.  Although getting access to academic articles is easier than ever, scholars are concentrating their reading on a less diverse range of articles. “As journals go online, researchers actually see less of their contents.  For every additional year of archives…

In Support of Corporate Medicine

Arnold Kling and Michael Cannon believe that the idea of the physician as a lone independent craftsment is out-of-date.  The authors contend that healthcare quality would improve and costs would drop if physicians adopted a more corporate environment.  Larger organizations, such as the Mayo Clinic, Kaiser Permanente and Veterans Affairs all benefit from economies of…