Eclectic-Economist

Edward Millner's blog. It contains links to articles for students taking Principles of Microeconomics and Managerial Economics. It also contains links to articles about politics. The opinions here are mine. No one at VCU reviews or approves what I post.

Wednesday, November 20, 2024

How racist is the minimum wage?

Gary Becker argued that the minimum wage exacerbates the employment disparity between White and Black workers when employees discriminate ag...

Friday, January 6, 2023

Quartz talks about the benefits of free trade

Here is what Quartz says would happen if the world split into two separate trading blocs. 2.2%: Expected decline in global trade growth...

Thursday, September 22, 2022

The West Mimics Mao, Takes a Green Leap Forward

My takeaway is "Look before you leap". Not everyone is enthused about how governments are pushing green energy. " One of the ...

Success at Work Is Warped by Your Co-Workers’ Salaries

Design your compensation scheme carefully. " It was as if simply knowing how the market valued talent made them want to be entirely dif...

Wednesday, September 21, 2022

Electric-Car Demand Pushes Lithium Prices to Records

Driven by a surge in Chinese electric-vehicles sales, the sharp rise in a key commodity for batteries could slow adoption of EVs globally. W...

Monday, September 12, 2022

A Plan is not a Strategy

Roger Martin hosts a HBR video lecture discussing the differences between planning and strategy.

Tuesday, September 6, 2022

Elasticities

From Wikipedia :

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