Incentives Unlock the Mysteries of Human Behavior

  • Why is Disney World cleaner than Yellowstone National Park?
  • Why are there so many chickens and so few pheasants?
  • Why is buying “real” Christmas trees (rather than artificial trees) better for the preservation of trees and forests?
  • Why did the requirement that young children have their own seat (and seatbelt) rather than sitting on parents’ laps in airplanes cause an increase in childhood deaths?
  • Why does requiring that new cars be manufactured with pollution control technology installed result in increased automobile-generated air pollution?
  • Why do programs providing government insurance for bank deposits increase the likelihood of bank failure?
  • Why do farmers plant high-water-use crops in areas where water is in short supply – rice in the desert climate of southern California, for example?
  • Why do so many patriotic Americans not vote in Presidential elections?
  • Why is a legislated increase in minimum wage bad news for poor, low-skilled teenagers?
  • Why did the English colonies of North America prosper while the colonies of Spain remained poor despite great discoveries of gold and silver?
Right Start in Teaching Economics

The Economic Way of Thinking: The Key to Financial Literacy

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FTE Student Administrator John Buck

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Trade Wars: Economics Awakens

Trade Wars – Economics Awakens (repost)

FTE is re-posting this article written during Trump 1.0. Much of what Professor Malek had to say about tariffs back…