NicoleSwan.com

I love it when there is real world evidence that the “invisible hand” free market system really works. The evidence this time stems from the outsourcing that has been occurring in the technology sector that last few years.
Everyone knows the story: Companies looking for cost savings outsource technology functions to firms in India. […]

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As I was perusing the Parade last weekend, I was surprised at some of the letters as well as the somewhat inadequate answers in the ‘Ask Marilyn’ column.

Question 1: Many of my friends and I are intelligent, liberal-arts graduates who, due to an economic system that glorifies science, medicine, business and law, are toiling as […]

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I used to think that legislative representatives and other high-level government officials had to have a basic level of economics knowledge to be able to hold the job. Now I’m not so sure.
I just saw Chrissy Gephardt (daughter of Rep. and presidential candidate Richard Gephardt) on CSPAN. She was going on about […]

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I’ll admit that perhaps I’m picking on Mr. Stone. And, really, it’s in quite a cowardly way. If I had any chutzpah at all, I would actually write a reply to The Rapid City Journal. Regardless, it does ease my mind to vent my irritation. The US steel industry is a […]

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This is not the first time the Stone man, with his infinite ignorance, has made it into an entry of my humble weblog. I think the letter alone speaks for itself.
Eskimo health care
Following the World War II baby boom, Americans made a seismic cultural shift, substituting possessions for children, resulting in an aging population […]

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This is economics at work. It highlights the dynamic nature of markets just through the actions of one large corporation.
The lesson? All-you-can-eat-lobster (i.e. high demand) combined with government quotas on lobster/crab harvesting (i.e. short supply) creates skyrocketing prices. I would draw the diagram, but I think you all are clever enough to […]

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As I may or may not have mentioned in a previous entry, I believe everyone should have to take an economics course at some point during their education–and I don’t mean the crappy run-of-the-mill economics course we all take in high school. Case in point: Bill Stone. He writes a letter to the […]

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