Getting the Price Right: Which is Better? pt. 2

Last week, I began to compare two important programs in the realm of environmental policy: cap-and-trade and carbon tax. I first examined the political viability of both programs and came to the conclusion that although they have received relatively equal magnitude of political praise and scrutiny, the carbon tax is a bit more politically reasonable. A carbon tax has more of a potential to attract people on the right due to the fact that it can come with the condition of revenue neutrality, which takes away people’s natural loss-averse tendencies because another part of the tax system would be adjusted. Continue reading Getting the Price Right: Which is Better? pt. 2

The Military Pantry Complex

Ah, modern supermarkets. Where can you find such a vaster array of more brightly colored and oh-so conveniently packaged foodstuffs all jockeying for your attention, screaming “Buy me! Consume me!” With the supermarket as our temple and the singing commercial as our litany, are we likely to fire the world with an irresistible vision of America’s exalted purpose and inspiring way of life? – Adlai Stevenson I always thought of the American supermarket as the domain of pure capitalism. In Economics 170, the supermarket was a commonly used backdrop to theoretical analysis, for example the question “Are chicken and beef perfect Continue reading The Military Pantry Complex