Byron Carson
Articles
Cuban Food Shortages: Another Red Flag
“Facing price controls, taxes and tariffs on food in Cuba, and it shouldn’t be surprising that food markets are increasingly becoming distorted, shortages are frequent, and people remain impoverished.” ~Byron B. Carson, III
Christmas Calculations and Yuletide Yields
“Consider the choice Christmas tree farmers face. They can chop the tree and sell it, or they could let the tree continue to grow. Farmers maximize their profits and chop the tree when the tree’s yield falls below the market rate.” ~Byron B. Carson, III
‘The Psychology of Money’ Isn’t About Psychology or Money
“Ultimately, Housel’s book achieves its goal of conveying the richness of factors that influence financial decisions, but it blithely ignores economic principles that are the foundation of its subject.” ~Byron Carson
What is a Pencil?
“The spontaneous order produced in a market or, in this case, the outcome of a market process that standardizes what a pencil means, is only defined as the process unfolds.” ~Byron B. Carson III
Fungi Bombs and Food Markets
“That people make choices and can substitute towards cheaper items is an underappreciated point for those concerned about fungal pathogens. While fungi might increase prices of some goods, people can purchase relatively cheaper ones. This suggests they might be less likely to suffer from food shortages.” ~ Byron Carson
Will AI Eat Our Lunch or Make It?
“Chefs, servers, and hosts often have a wide set of skills that cannot be easily replicated by AI technologies, which suggests fears of AI’s unemployment effects are overblown.” ~ Byron Carson & Katie Pitcher
The Economics of Mending Wall
“Robert Frost’s masterful poem gives economists and students many opportunities to learn about property rights, self-governance, and peaceful cooperation.” ~ Byron B. Carson
Diabetic Complications and Economic Fundamentals
“Basic economics, both in theory and practice, warn us that these latest efforts to subsidize insulin production are much more likely to cause further harm to an already dire situation.” ~ Byron Carson and Raymond J. March
Incentives, Not Courts, Improve Health
“In competitive labor markets, workers and employers cooperate to produce valuable goods, such as healthcare. Workers and employers who fail to produce such goods will tend to earn lower wages and/or lower profits.” ~ Byron B. Carson III
Raving for Monkeypox
“We should expect more outbreaks in areas with a greater appreciation for economic freedom. Indeed, reports indicate the kindling wood has been there for some time. But don’t worry; be thankful that people live in societies that allow such diseases to spread.” ~ Byron B. Carson III
