Category: economics
-
Rent Seeking, Teeth Whitening, and Grapes
George Will has an interesting column today about rent seeking as it applies to teeth whitening. Rent seeking is an economics term used when someone attempts to achieve additional profits without creating actual value. It often is used to describe situations when someone uses the government to implement policies that reduce competition to allow this…
-
Interesting Column on Global Trade
I enjoy reading a blog called the Conversable Economist. Yesterday, the blog entry was about Global Trade, http://conversableeconomist.blogspot.com/2013/09/shifting-patterns-of-global-trade.html.