The Economics of the ALS Ice Bucket Challenge
In case you’ve lived under a rock over the summer, the ALS Ice Bucket Challenge has been a campaign to encourage donation to the ALS Association, an organization that provides support to those afflicted by amyotrophic lateral sclerosis (ALS) – also known as Lou Gehrig’s disease. The Ice Bucket Challenge has raised an enormous amount of money, and has many people talking about the economic principles behind donation – whether they realize it or not. First, Vox helped to dispel the notion that people shouldn’t participate in the Ice Bucket Challenge because it’s a waste of water. In fact, compared to productive activities which use water, the ice Continue reading The Economics of the ALS Ice Bucket Challenge