Tuesday, October 12, 2010

Economics of Everything

If you're a new student here at Birmingham, keen to learn your economics, can I point you in the direction of Marginal Revolution? It's a blog written by two economists, Tyler Cowen and Alex Tabarrok and contains many posts each day, often relating every day or topical events into the thinking of economists.

For example today they comment on the contract the Chilean miners have apparently signed in order that none of them attempts to individually profit from the group's experiences underground for over two months. Will it hold up? How will they enforce it if one of the group deviates?

All these kinds of things are intriguing economic issues relating to such actions of individuals and groups. Marginal Revolution's Markets in Everything series of posts are highly illuminatings and I'd highly recommend them as you begin your economics degree and start attempting to think like economists...

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