Cecil Bohanon and John Horowitz: Economists have sense of humor, even when the joke is on them
Michael Munger argues that economist jokes serve three purposes: to be funny, to illustrate economic concepts, and to mock economists themselves.
Economic Analysis
Articles
Cecil Bohanon and John Horowitz: Economics doesn’t care about the content of American Eagle’s ads
Consumers value products not just for utility but for attributes like style, comfort and symbolism.
Cecil Bohanon and John Horowitz: Generic drug shortages can be remedied with the right approach
However, 92% of prescriptions in the United States are filled with generics, which account for less than 13% of total drug spending.
Cecil Bohanon and John Horowitz: Fed chair should be allowed to finish his term
Criticism of the Fed is fair game.
Cecil Bohanon and John Horowitz: Markets and societies function better working from empathy, not animosity
The essence of social capital is the strength and quality of our relationships.
Cecil Bohanon and John Horowitz: Sometimes laws are at loggerheads with principles of economic freedom
Should a government prevent or punish two people for helping each other?
Cecil Bohanon and John Horowitz: Belize offers example of mutually beneficial immigration
It was a very productive trip that will benefit all parties and enhance research and learning opportunities for our Ball State students.
Cecil Bohanon and John Horowitz: Bank runs and social protests are two peas in a pod
In bank runs, people rush to withdraw their deposits when they see others in line to withdraw theirs. Likewise, when people witness their neighbors participating in protests, they are more likely to participate in protests themselves.
Cecil Bohanon and John Horowitz: Fed faces tough decision as inflation hovers higher than desired
We agree with our Texas Tech colleague Professor Alex Salter: “I would not want to be a central banker right now.”
Cecil Bohanon and John Horowitz: Politicians face paradox on trade deficit and federal debt
Channeling physicist Enrico Fermi’s approach of breaking down complex problems with simple numbers, Horowitz asked, “What does the U.S. spend on defense?”
Cecil Bohanon and John Horowitz: As universities shift, they hinder freedom of inquiry
They saw this shift in purpose as the cause of the turmoil at the time.
Cecil Bohanon and John Horowitz: Is the US footing the bill for pharmaceutical innovation?
Price discrimination often enables greater access to essential products and services, especially for low-income buyers, while providing companies with the revenue needed for future innovation.
Cecil Bohanon and John Horowitz: If you don’t want to increase the price, shrink the package
The Consumer Price Index is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Cecil Bohanon and John Horowitz: Will Pope Leo XIV build on economic principles from Leo XIII?
Pope Leo affirmed that “every man has by nature the right to possess property as his own.”
Cecil Bohanon and John Horowitz: Commissions are good incentives, but they come with trade-offs
Economists recognize that various rules and institutions typically emerge that establish incentives to deal with the problem.
Cecil Bohanon and John Horowitz: Trump’s policy on international trade shares principles with DEI
The implicit assumption is that a trade deficit in goods with any country is evidence that foreign countries discriminate against American goods.
Indiana Economic Development Foundation releases annual audits at Gov. Braun’s demand
The state-affiliated nonprofit averaged more than $2 million in spending annually on travel and more.
Cecil Bohanon and John Horowitz: Mo’ money, mo’ taxes—but the rate rises in steps
The U.S. income tax system is progressive, which means that when one earns more, the tax rate rises in steps.
Cecil Bohanon and John Horowitz: If the trade policy ain’t broke, don’t fix it
That U.S. manufacturing capacity and output have declined is fake news.
Cecil Bohanon and John Horowitz: World trade is an ever-shifting balance
The balance of payments is an accounting device used to track a nation’s financial/economic interactions with the rest of the world.