Production Theory

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Economist Humor: Leisure vs. Work

Production Theory


"180 Trillion Leisure Hours Lost To Work Last Year," says The Onion. The article actually presents some fundamental problems of scarcity in rather interesting ways. Why do we only think in terms of...

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Ethanol and food costs

Production Theory


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Just Print the Necessary Funds

Media and CultureTaxes and SpendingProduction Theory


Over the weekend I watched "Flags of our Fathers" and one quote stuck out (among others). It comes from a Treasury Department official (Bud Gerber) who is trying to convince the flag raisers of Iwo Jima to use their...

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Paid statutory holiday

Global EconomyProduction Theory


You know, socialist governments are just so sweet. They pay people to take vacations, and surely no one can complain about that! And just look at the US in this chart: not a single paid vacation day is...

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Technology plus economics plus marketing = business success

EntrepreneurshipProduction Theory


I've been completely captivated by this series of interviews in which Steve Jobs and Bill Gates are brought on a set together to talk about the history of our times as it concerns technology, and their...

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The Road to Efficiency...

Big GovernmentProduction Theory


Michael Moore's new documentary romanticizes the enslavement of physicians and other health-care providers by the state. Here's his defense in Time Magazine:

TIME: Of the declared presidential...

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This Bud's For You

Production Theory


[Cross posted at Organizations and Markets]

Most of my academic colleagues are anti-American food snobs. Why, those poor Yanks, they think Parmesan cheese is a white, powdery stuff in plastic cylinders rather...

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Wow! Economic Growth without Government!

Free MarketsProduction Theory


Statism resounds in the last two paragraphs of this article (NO subscription required) in this...

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An Island of Pride In An Empty Sea

Production Theory



How strange to find pride of workmanship in this seaside casino where the trick is to get rich without working; unless you consider work the mashing of a red lighted button that says "spin wheel".

Surrounding the buffet, where I'm chewing on a moist sticky...

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Left Coast Road Socialism and the Market-friendly Governor

InterventionismProduction Theory


Yesterday afternoon, my friend, who has recently moved to the Left Coast, pointed to this blog to alert me to the fact that MacArthur Maze, "the complex of freeways where Berkeley, Oakland, San...

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