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An Alcohol Tradeoff
Photo: danielpgauer Fifteen years ago, on a visit to Peru, I drank many pisco sours and decided I had to buy a duty-free bottle of pisco. It has sat unopened in our liquor cabinet since then. A...
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What Happens When Nobody Is Better Off? Pareto Deterioration
(iStockphoto) A tenured senior professor at another university, one of his department’s top researchers and best teachers, asked his department chairman for a temporary one-course teaching reduction...
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A Pareto-Efficient Donut
(Photo: In line at the Star$$ on campus, I got to chatting with Professor C just in front of me. She ordered a latte and bought the last of the delicious Star$$ cake donuts, which I had had my eye on....
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An Alternative to Democracy?
(Photo: Kim) With the U.S. presidential election nearly here, everyone seems to have politics on their mind. Unlike most people, economists tend to have an indifference towards voting. The way...
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I write all my papers, letters, and exams using the typeface Times New Roman. As a lunch-table discussion here in England revealed, the University insists on certain typefaces that are...
View ArticleBlack-Market Tour Guides at Disney World
The Week (and, earlier, the N.Y. Post) reports a new way for high-wage people to economize on time: when visiting Disney World, hire a “tour concierge” — a disabled person who uses his/her disability...
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Cheaper Plumbing on Fridays
(Photo: University of the Fraser Valley) We received a postcard from our plumber offering service on Fridays with no service charge, explaining that they can offer this because the plumber will be in...
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