Stayin’ Alive: Drink More Champagne, Avoid Icebergs, Check the Crystal Ball

Q:  What were the last words of the Nobel Laureate economist, John Maynard Keynes? A:  “I should have drunk more Champagne.” Right! The next best thing to Champagne is writing these posts and getting readers’ comments.  Here’s a great one from a 1st generation private practice owner and worried mother. Q: Do you think private…

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Econ 101: If Hearing Aids Were Hula Hoops

This occasional series has taken intrepid readers through economic concepts such as Utility, Decreasing Marginal Benefit and Willingness to Pay — all assumptions underlying the downward-sloping Price/Quantity Demanded curve that we call a Demand Curve.  As those posts illustrated with Jack and Jill’s different Utilities,  analyzing the logic of consumer choices given their limited resources…

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Coffee — Audiologists Drink to Health, Wealth and Art

As mentioned in last week’s post on National Coffee Week in the UK, a principal joy of blogging is that one can write about one’s interests, in this case coffee. Another joy of blogging is the opportunity to wander off on a mental vacation of sorts and write about fun stuff instead of Economics.  Hence,…

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