A rap demonstrating the differences between Keynesian and Austrian schools of economics in general, and particularly as they relate to the recent financial crisis and the recession.
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MATT BOGARD
Topics for Discussion
- Should resource allocation be based on democratic outcomes (voting) instead of prices?
- Are the rich getting richer while the poor get poorer?
- Do billionaires really pay less in taxes than their secretaries?
- What prolonged the Great Depression? The Effectiveness of Keynesian Stimulus
- Can tax cuts impact entrepreneurial activity and job creation?
- Can tax cuts increase government revenue?
- Do minimum wages cause unemployment?
- Do price gouging laws help or harm?
- Does fair trade branding promote economic development and combat poverty?
- What role do sweatshops play in a free society?
- What role do profits and greed play in a free society?
- What are some myths about markets?
Economics and Sustainability
- Sustainability, Economics, & Statistics
- Are we running out of natrual resources?
- Is local food better for the environment?
- Is modern food production sustainable?
- Have ethanol subsidies impacted food prices?
- Is grain fed livestock less sustainable than grass fed?
- Modern Sustainable Agriculture (video)
- More...
Multimedia
Labels
Austrian Economics
(2)
biofuels
(3)
climate change
(1)
coase theorem
(5)
development economics
(1)
economic growth
(6)
Economics Applications
(19)
ECONOMICS PRACTICE PROBLEMS
(15)
Example Code
(1)
externalities
(2)
financial crisis
(2)
fiscal policy
(6)
game theory
(3)
Income Inequality
(7)
inference
(1)
Knowledge Problem
(15)
local food
(2)
macroeconomics
(2)
minimum wages
(2)
monetary policy
(1)
price gouging
(2)
profits
(1)
public choice
(27)
R
(16)
R applications
(4)
R Code
(11)
references
(1)
rent seeking
(8)
sample size
(1)
SAS
(1)
SAS Code
(1)
Statistics Basic Concepts
(18)
Statistics News and Industry
(3)
Statistics Resources
(1)
subsidies
(4)
sustainability
(23)
trade
(1)
video
(28)
About Me
- Matt Bogard
- Applied economist focusing on the economics of innovation, risk, and consumer choice as it relates to food, health, and biotechnology.
ENVIRONMENTAL ECONOMICS LINKS
OTHER ECONOMICS & STATISTICS LINKS
- Cafe Hayek
- Public Choice Analysis
- Mercatus Center : George Mason University
- Federal Reserve - MN Research
- Foundation For Research on Economics and the Environment
- Bureau of Labor Statistics
- Library for Economics and Liberty
- Statistical Modeling Causal Inference and Social Science
- Social Science Statistics Blog
- Revolution Computing (Stats using R)
- Forecasting Principles
- Wall Street Journal
- Austrian Economics- Mises Institute
- Minimum Wage Research
- Marginal Revolution
- Greg Mankiw's Blog