Posts Tagged ‘Economics’

The Beer Drinker’s Parable

The following story is often passed along by Republicans who wish their liberal friends could understand economics.  They hope that making a simple parable out of the down-side of progressive taxation they can stop the madness.  As Dr. Kamerschen (the author) and many other economist and philosophers (including my favorite Ayn Rand) have pointed out, there is no stopping the madness of self destructive societal behavior that attempts to feed on the success of others.  That’s certainly one of the factors that’s contributed to Trenton’s mess.  We love the poor and hate the rich.

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Economic “Must Reads” for Trentonians

Reinvent Trenton is published to help policy makers and voters think about Trenton’s issues and how to resolve them.  The site introduces new ideas, it presents data and it offers what I hope are constructive plans to revitalize the city.    Quite a bit of what you read on the site comes straight out of business, economics and public policy reading that I’ve done.  The idea is to interpret academic ideas and apply their central concepts to our situation here in the River City. Read the rest of this entry »

The Role of Eminent Domain in the Train Station Revelopment Plan

Economics is all about the choices humans make and in the aggregate human societies (micro economics and macro economics).  Negotiating can be thought of as a specific case of micro economics closely linked to the core concepts of marginal utility and marginal value.  Therefore, Reinvent Trenton is taking this opportunity to explain basic concepts in negotiation and the role of eminent domain in them. Read the rest of this entry »

Fear the Boom and Bust – Rap Economics Video

This video is a great primer on macro-economic philosophy especially as it relates to how we think about national issues.  AND its a rap.  It doesn’t have much to do with Trenton, but everybody should know more about the basics.

Which are you?  How do you think Obama leans?

The Arrogance of Green Economics

How many of us have started industrial scale businesses that have gone on to produce great value and therefore great wealth? How many have started industrial companies that produce “green” products?

I suspect none.

I know plenty of entrepreneurs (some successful) but not one has started a successful industrial, much less “green”, company. One can argue that the U.S has regulated all industrial production green or otherwise out of the country. Read the rest of this entry »

The Economics of Crime

One of, if the not the biggest thing holding back revitalization in American cities is crime.

The facts speak for themselves – cities with high crime rates generally have poor growth rates. Cities that have somehow improved their crime rate do much better.

City Comparison

New York and Washington, DC are great examples of cities that have aggressively attacked their crime issues and have unleashed unprecedented economic growth. Washington used to be the most dangerous city in America and New York was supposed to be leading the country into chaos.

Looking just at New Jersey, two cities, New Brunswick and Newark are overcoming their crime issues and generating positive population growth. Meanwhile, Asbury Park, Trenton and Camden continue to scare their populations away.

Lot’s of people have lots of things to say about crime. The police say they do all they can and blame the courts for a revolving door justice system or the public for not cooperating. Children’s advocates blame lack of after-school programs. Civil rights leaders blame racism. Parents blame everybody and Bill Cosby blames parents.

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