A Blog about economics, politics, beer, and whatever else strikes our fancy.
Posted in Bizarre, Economics, Entertainment on Nov 11th, 2009
If it is true as Joel Waldfogel argues in The Tyranny of the Market: Why You Can’t Always Get What You Want that markets do not always satisfy consumers’ needs because of lack of profitability, it does not mean that non-for-profit markets or organizations won’t emerge to serve the consumers that for-profit organizations won’t serve. [...]
Posted in Economics, Entertainment, Film, Policy, Society, Television on Dec 16th, 2008
Everyday I learn new things and today I learned that the Academy of Motion Pictures Arts and Sciences is a monopsony.
I was reading the gossip news on IMDB and learned that a jury in Los Angeles ruled in favour of blocking the sale of two Oscars awarded to silent movie legend Mary Pickford.
IMDB reports that:
In [...]
Posted in Economics, Entertainment, Law, Research, Travel on Dec 10th, 2008
Last evening, I decided to watch Law & Order: SVU and I am glad I did! The episode was about a serial rapist and the SVU team attempting to find and get the rapist convicted.
During the trial, the serial rapist and his lawyer plead “not guilty by reason of mental disease.” The lawyer’s defense plan [...]
Posted in Economics, Entertainment on Sep 19th, 2008
Forbes Magazine just released a story about "Hollywood’s Most Overpaid Movie Stars." This is an interesting story as it shows how economically uneducated people writing for such magazines are.
Here is a quote and tell me what’s wrong with it?
According to our second
annual ranking of the most (and least) bankable actors in Hollywood,
Kidman’s films earn [...]