by ELC Staff | Sep 16, 2023 | Economics Foundations
Part I: Component Technologies Learning Objective: Understand the Four propositions about the usefulness of the S-curve. This reading is important for 2 reasons. It discusses a very important theoretical point, S-Curves It uses data to support its point. From an...
by ELC Staff | Sep 9, 2023 | Economic Myths
I happened across Cato Institute’s 20 Economic Myths. 20-Market-Myths-Cato-Institute-2007Download Cato defines “Myths” as. those statements that simply pass for obviously true, without any need for argument or evidence. Further, they believe that only...
by ELC Staff | Jul 24, 2023 | Libertarianism
#1 – Non-aggression principle and victimless crimes “How would a libertarian society address drug addiction, public services, caring for the poor, or reckless businesses? #2 – Free-market economics – libertarians prefer laissez-faire capitalism over...
by ELC Staff | Jul 9, 2023 | Economics Thinkers, Milton Friedman
In his PDF Milton Friedman lays out his argument for why Government is the Problem. I disagree Friedman Claims that Government causes, deteriorating education, lawlessness and crime, homelessness, the collapse of family values, the crisis in medical...
by ELC Staff | Jun 25, 2023 | Schumpeter
When one looks at the downward trend of Cable TV, it looks like a great example of “creative destruction.” This media evolution is a great deal for consumers and content creators alike. For more than a quarter-century, we’ve been hearing predictions about the demise...
