Apr 25, 2020
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I realized that I hadn't uploaded all of the segments from the AEA humor session, so I'm trying to get on that. Also figured you should see the flight atendant accessories I searched the Internet far and wide for. :)
I have to imagine that this is what Ron Coase was like as a child.
Should it be illegal for workers to accept a sub-minimum wage job?
Should it be illegal for workers to accept a sub-minimum wage job?
@Luke1732Mullen @ritholtz @TBPInvictus @futurepundit @workingwa @CafeHayek http://t.co/n3l26QPPd4— Mark J. Perry (@Mark_J_Perry) May 24, 2015
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Josh Barro writes in the New York Times:
On Sunday, a United Airlines flight from Newark to Denver made an unscheduled stop in Chicago to discharge two passangers who had a dispute over seat reclining. According to the Associated Press, a man in a middle seat installed the Knee Defender, a $21.95 device that keeps a seat upright on the seatback in front of him.
A flight attendant asked him how to remove the device. He refused. The woman seated in front of him turned around and through water at him. The pilot landed the plane and booted both passengers off the flight.
Obviously, it's improper to throw water at another passanger on the flight, even if he deserves it. But I've seen a distressing amount of sympathy for Mr. Knee Defender, who wasn't just instigating a fight but usurping his fellow passenger's property rights. When you buy an airline ticket, one of the thing's you're buying is the right to use your seat's reclining function. If the passenger so badly wanted the passenger in front of him not to recline, he should have paid her for that right.
Airline hilarity and economics, all in one...
The fall academic semester is quickly approaching, so it’s a good time to remind readers that one of the goals of this site is to give economics instructors interesting examples and discussio...
RIP Ronald Coase
Nobel prize winner in economics, “accidental economist” and law school professor, Ronald Coase died 2 September 2013 at 102. His insights into our everyday lives will live longer.
Coase, (pronounced like nose) is known for two significant papers. They…
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