Monthly Archives: February 2013

Income Effects and Gas Prices

This is a neat result that relates income effects to price changes on goods with inelastic demand. The example I have in mind is why an increase in gas prices feels like a reduction in income than an increase in … Continue reading

Posted in Microeconomic Theory | Tagged , , , ,

Index of Domestic Morality

“The condition of domestic morality is usually best indicated by the statistics of divorce, and of illegitimate births, and by the proportion of legitimate children to the number of marriages…” (Cahill, The Framework of a Christian State, p. 103) Fr. … Continue reading

Posted in Virtue Ethics