But EconGirl at Economists Do It With Models does a much better job of talking about it than I ever could. I recommend you give a it few minutes.
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Blog Archive
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2010
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July
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- A Birthday Observation
- Conditional Cash Transfers
- Americans Cut Back ... The Power of Price
- Comparative Advantage and Tradeoffs
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- Complementary Goods and Marginal Utility
- Economists vs. Economics
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Blog Archive Note
All entries prior to August 15, 2007 appeared on the economic education blog of the Federal Reserve Bank of Chicago. Entries between August 15, 2007 and July 31, 2009 were under the auspices of the Powell Center for Economic Literacy in Richmond, VA.
1 comment:
Thanks! :) I still contend that I would take the clown car over the ashtray on wheels. I also may have argued with a car rental company once because it tried to "upgrade" me to an SUV when I was driving from Miami to Atlanta. I told them it was pretty clear that I would be doing them a favor by taking the vehicle back to Atlanta, and thus I would comply if they would compensate me for what I would have to spend on gas. You are probably not shocked that they didn't so along with this...but they did give me a red Mitsubishi Eclipse that I nicknamed "please give me a speeding ticket."
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