joanna bujes wrote:
Private school tuition ranges from $8,000/year to $20,000/year...and
it goes up every year.
My alma mater is up to $34,030! That's nearly 2,300 hours of work at
the average wage, twice as much as in 1973, when I was there.
But do we know how much people really pay? Most
[EMAIL PROTECTED] wrote:
revealed preferences
Who came up with that concept?
Doug
Doug H wrote
revealed preferences
Who came up with that concept?
Paul Samuelson.
Background (from long-ago graduate school days). About 75% of the following is
true.
In the old days of neoclassical economics they made use of the notion
of utility. Utility was generally seen to
Thanks, that was very interesting. I need to think about it some more.
Joanna
At 12:18 AM 07/06/2002 -0500, you wrote:
I have always considered inflation to be a *general* rise in the price
level, rather than a rise in specific prices which feed into the CPI or,
as we used to call it, the COL.
Joanna wrote re some economists not knowing enough details about CPI, etc:
The question is, are they fools or knaves?
Some of these are people who want to get ahead and, so, delve only deeply
enough into some issue so that they can get published. If the profession
doesn't deem something to be
Doug wrote:
. . .education, which they weight at 2.7% of spending
ftp://146.142.4.23/pub/news.release/cpi.txt. In the CES for 2000,
households spent 1.5% of after-tax income on education. These numbers seem
low, but that's what they say.
That does seem low. But, as oddly, the document
Re the 2.7% average spending on education and childcare:
I wonder the extent to which this is due to the use of household spending
averages.
Example:
Beaver and family: $50,000 spending and $10,000 in education and childcare
spending = 20 spending on ed/childcare%.
70 year old person (a
Title: RE: [PEN-L:27709] Re: Re: Re: Re: Inflation and CPI
also, a lot of the payment for education is in the form of taxes, and so doesn't show up in the CPI. (Does the CPI exclude sales taxes? even if it doesn't, it does exclude most other taxes.)
Jd
-Original Message-
From
Isn't that Samuelson's term?
On Sun, Jul 07, 2002 at 12:10:24PM -0400, Doug Henwood wrote:
[EMAIL PROTECTED] wrote:
revealed preferences
Who came up with that concept?
Doug
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
You have mere preferences; I have cultivated tastes.
On Sat, Jul 06, 2002 at 03:35:39PM -0700, Devine, James wrote:
I don't remember, what's the difference between tastes and preferences?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel.
Jim D. wrote,
also, a lot of the payment for education is in the form of taxes, and so
doesn't show up in the CPI. (Does the CPI exclude sales taxes? even if it
doesn't, it does exclude most other taxes.)
Only post-tax spending is included in the CPI. Public school spending, etc,
does not
Title: RE: [PEN-L:27656] Re: RE: inflation
I wrote:
at some point, economists decided on a conventional definition of
inflation as referring only to increasing prices of newly-produced
goods and services.
Paul writes:I have always considered inflation to be a *general* rise in the price
Title: RE: [PEN-L:27594] Re: Re: Inflation
Eric wrote:The CPI likely has failed to take into account many declines in the quality of certain services and goods. While many economists have been interested in arguing (rightly in _some_ cases) that the CPI has sometimes failed to reflect quality
Jim wrote,
I don't remember, what's the difference between tastes and preferences?
Same thing except that preferences likely became common language after the
presentation of the notion of revealed preferences in modern welfare
economics. Tastes is just older language for the same thing.
Doesn't this exchange confuse the increase in delay with total travel time? I. e.
ignores an increase in distance traveled?
Gene Coyle
Bill Lear wrote:
On Thursday, July 4, 2002 at 14:06:16 (-0700) Michael Perelman writes:
Help me out here Doug. Usually, I would be inclined to believe
I began with the distance to suggest that it should be a component of the
rent. Doug's statistics on delays were useful since the increasing
commutes lead to more congestion, causing more delays.
On Fri, Jul 05, 2002 at 08:15:14AM -0700, Eugene Coyle wrote:
Doesn't this exchange confuse the
Michael Perelman wrote:
Help me out here Doug. Usually, I would be inclined to believe Census figures
over something from Texas, but
Texas Transportation Institute. 2002. 2002 Urban Mobility Study
http://mobility.tamu.edu/ums/
Congestion is growing in areas of every size. The 75 urban areas
At 02:06 PM 07/04/2002 -0700, you wrote:
I am happy to hear about NY public transportation. NY may be unusual in that
even moderately well to do people use it.
Returned from NYC a few weeks ago and agree that NYC public transit is a
miracle of convenience/dependability/efficiency. Prosit!
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