Tag Archives: economics

When Free Isn’t Cheap Enough

The concepts of negative externality and moral hazard describe situations where one person can impose costs on another without paying for it, often resulting in less-than optimal outcomes for everyone. That sounds a lot like what’s going on with organizations that won’t upgrade from IE6 to me. Lets quickly consider both sides of the browser […]

Mark Thoma: “Tax Cuts Won’t Build Schools”

Pro-cyclical arguments (the same ones that got us into this mess) are saying that we shouldn’t begin public works projects because they might take a while. Mark Thoma shreds these them to little tiny bits. I particularly enjoy how he notes that we’ve run a test of the “tax cuts solve everything” theory and how […]

By The Numbers

Note: contents of this post is after the jump due to its political nature.