Tag Archives: finance

Loss of Private Goods

I recently had a chance to read Economics: A Very Short Introduction, by Partha Dasgupta, published in 2007. Page 52-54 is a passage teaching the definition of private goods, public non-exclusable goods, and externalities, and then applying these terms as … Continue reading

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Spend More Time with the Good

I recently read Taxi Drivers and Beauty Contest by Colin Camerer, published in 1997.  He found that on good days taxi drivers choose to work lesser hours after hitting their preconceived target of “enough income for the day”, and he … Continue reading

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Fairness and Equality and the Common Good

What is fair and equal? There are the four choices.  We need to pick one of these.

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Gift Giving Economies vs. Capitalism

We’ve changed in the last 20 years.  When Saddam Hussein invaded Kuwait, it was because he saw his richer brother nation and wanted to take what they had and use it for himself.  The world responded with horror and we … Continue reading

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Tax Fairness Fuzziness

I read about national tax arguments. Everybody throws around the idea that their tax plan is “fair”, but that really means nothing without defining what “fair” means.  In this post, I’ll outline and discard 2 definitions, and then propose what … Continue reading

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