Alternatives and Supplements: Fun on the Internet
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Rationing and Allocating

Price as a Rationer

When economists talk about price rationing, non-economists often do not understand. This article from AmosWeb explains the concept:
www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=price+rationing

Non-Price Rationing

CyberEcononics explains rationing by coupon in the U.S. during World War II. Here are a couple of sites that look at rationing by coupons in the UK during World War II:
www.woodlands-junior.kent.sch.uk/Homework/war/rationing.htm

Prices: Incentives and Communication Device

A blog at Economist.com talks about the importance of information in prices, with a lengthy quotation from Friedrich Hayek:
www.economist.com/blogs/freeexchange/2007/04/the_power_of_prices.cfm

Maybe I should have given something from Wikipedia here because it seems that the economics of information coming from Hayek was a source of inspiration for Wikipedia:
www.reason.com/news/show/119689.html

Price Controls

Government subsidized bread in Egypt has led to many problems, as this article in The New York Times explains:
www.nytimes.com/2008/01/17/world/africa/17bread.html

Hugh Rockoff explains price controls in this long but informative entry in The Concise Encyclopedia of Economics:
www.econlib.org/library/Enc/PriceControls.html

Coordination

In this article in the New York Times entitled, "In Niger, Trees and Crops Turn Back the Desert," see if you can find the role of private property rights:
www.nytimes.com/2007/02/11/world/africa/11niger.html?ex=1328936400&en=7bd7a234c9fbad51&ei=5124&partner=digg&exprod=digg

Central Planning

Suppressing Market Information

Here is an article that explains the Austrian point of view in the socialist calculation debate of whether a socialist economy could be economically efficient:
the-idea-shop.com/article/97/the-socialist-economic-calculation-debate-and-the-austrian-critique-of-central-planning

Dollar Voting

An explanation of consumer sovereignty from The Quaker Economist:
www.quaker.org/tqe/2003/TQE067-EN-Consumer.html

Feedback

What CyberEconomics calls destabilizing feedback is often called positive feedback. Except when it is called negative feedback. Confused? So is the The Wall Street Journal:
blogs.wsj.com/economics/2008/02/21/negative-feedback-on-economys-negative-feedback-loops/

A Self-Correcting System

(I have not yet found a suitable entry here.)

 
These links were checked on July 5, 2008.


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