Is Microsoft A Monopoly?

As I mentioned before, I’m currently enrolled in a microeconomics course that makes use of Mankiw’s textbook.  I haven’t read much of the book, save for the assigned homework questions and his chapter on oligopolies.  He begins with a discussion of monopolies, and asserts that Microsoft is an example of a market monopoly.  This . . . → Read More: Is Microsoft A Monopoly?

Insane Psycho-Sociopathic Court Economists

Gregory Mankiw, professor of court economics at Harvard and economic advisor to President George W. Bush, proposed negative interest rates in a recent New York Times article.  Mike Shedlock, a prominent financial commentator has appropriately weighed in 19 March with Time For Mankiw To Resign and again on 21 March with Economist Mankiw Defends Policy . . . → Read More: Insane Psycho-Sociopathic Court Economists