Economics is more like story telling than most economists admit. There is a close relationship between an economic theory like supply and demand and a story. It is true in all the sciences but especially true in economics. Try this story, which is a true story. Some years ago the Mayor of the District of Columbia decided to raise some tax revenue by increasing the gasoline tax on each gallon of gas. The tax failed and had to be repealed. Interviews with motorists found they were angry about higher prices and so they checked their gas gage and made...
Saturday, 23 June 2007
Thursday, 14 June 2007
Generation Debt
Posted on 11:26 by Unknown
American Job Market wants to advise visitors of a relevant book entitled Generation Debt: Why Now is a Terrible Time to Be Young, by Anya Kamenetz. The author is a 2002 college graduate of Yale University who discusses the current difficulties for young people in their twenties who are trying to make their way into self supporting career employment. The book mixes narrative presentation of relevant economic data with discussion from many interviews of others in their twenties. The group interviewed for the book generally attended college and while...
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