About Economics: Sunk Costs, Interest Rates, and Fed Chairs...

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From Jodi Beggs, your Guide to Economics

Hi all,
I hope you had a good weekend! This week I've got a few current-events-related posts as well as an article on the shut-down condition. Enjoy!
Cheers,
Jodi

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The Shut-Down Condition

What makes firms produce versus not produce in the short run? Read More

Search Related Topics: production profit maximization

The Race for Fed Chair Is On...

I wrote before about Janet Yellen as a potential successor to Ben Bernanke, but she's certainly not the only contender for the position. Read More

Elizabeth Warren, Joe Stiglitz, and Interest Rates...

When thinking about borrowing for a large purchase, you've probably noticed that interest rates can differ quite a bit not only across time but also across people and types of borrowing. Read More

On the Importance of Understanding Sunk Costs...

One thing that the shut-down condition teaches us is that sunk costs- i.e. costs that have already been paid or committed to and can't be recovered- should not factor into rational decision making. Read More

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This newsletter is written by:
Jodi Beggs
Economics Guide
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