Just as I reach the middle of Walter E Williams’ Economics for the Citizen, the GMU website goes down! So that is why I haven’t posted yesterday’s or today’s. Confounded newfangled technology!
CON DROGAS: Today, the world’s most successful drug trafficking organizations are found in Mexico. Unlike Colombian drug gangs in the 1980s, who relied almost entirely on cocaine, Mexican drug gangs are a one-stop shop for four big-time illicit drugs: marijuana, cocaine, methamphetamines and heroin. Mexico is the world’s second biggest producer of marijuana (the U.S.…Details
and a good deal of homework inevitably lead to my blog being a bit dry… But here are some notables: Can someone be Catholic and feminist simultaneously? In my opinion, probably, but it is pretty damn difficult to lead a cohesive life… I am taking The Daily Dish out of the side pane and 250+…Details
Halfway done with your homework. I know it is boring. Just do it or you’re going to your room!: Someone might have made you a gift of this [kick-ass blog post by Kevin Johnston]. Does that mean reading this article is free? The answer is a big fat no. If you weren’t reading the article,…Details
W. E. Williams has #4 for you today: In the last lecture, we discussed three of four kinds of behavior that can be called economic behavior: production, consumption and exchange. We’ll turn our attention to the fourth — specialization. Specialization is said to occur when people produce more of a commodity than they consume or…Details
There are four classes of behavior that can be called economic behavior. They are: production, consumption, exchange and specialization. The discussion of specialization will be left to the next article. Production is any behavior that creates utility, that is, raises the want-satisfying capacity of something. When a mill smelts iron ore, it raises the want-satisfying…Details