tailieunhanh - Ten Principles of Economics - Part 16

Ten Principles of Economics - Part 16. Economics is the study of how society manages its scarce resources. In most societies, resources are allocated not by a single central planner but through the combined actions of millions of households and firms. Economists therefore study how people make decisions: how much they work, what they buy, how much they save, and how they invest their savings. Economists also study how people interact with one another. | CHAPTER 7 CONSUMERS PRODUCERS AND THE EFFICIENCY OF MARKETS 157 cases against more than a dozen ticket brokers. But economists tend to see scalping from Mr. Thomas s perspective. To them the governments crusade makes about as much sense as the old campaigns by Communist authorities against profiteering. Economists argue that the restrictions inconvenience the public reduce the audience for cultural and sports events waste the police s time deprive New York City of tens of millions of dollars of tax revenue and actually drive up the cost of many tickets. It is always good politics to pose as defender of the poor by declaring high prices illegal says William J. Baumol the director of the C. V. Starr Center for Applied Economics at New York University. I expect politicians to try to solve the AIDS crisis by declaring AIDS illegal as well. That would be harmless because nothing would happen but when you outlaw high prices you create real problems. Dr. Baumol was one of the economists who came up with the idea of sell ing same-day Broadway tickets for half price at the TKTS booth in Times Square which theater owners thought dangerously radical when the booth opened in 1973. But the owners have profited by finding a new clientele for tickets that would have gone unsold an illustration of the free-market tenet that both buyers and sellers ultimately benefit when price is adjusted to meet demand. Economists see another illustration of that lesson at the Museum of Modern Art where people wait in line for up to two hours to buy tickets for the Matisse exhibit. But there is an alternative on the sidewalk Scalpers who evade the police have been selling the tickets to the show at prices ranging from 20 to 50. You don t have to put a very high value on your time to pay 10 or 15 to avoid standing in line for two hours for a Matisse ticket said Richard H. Thaler an economist at Cornell University. Some people think it s fairer to make everyone stand in line but that forces .

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• 10 nguyên tắc trong kinh tế học
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• opportunity cost
• in the overall economy
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• Nguyên tắc giáo dục phát triển năng lực
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