A calm Friday evening in downtown Richmond, my former college roommate and I are on the back porch exchanging economic thought experiments, as we often do. The conversation expands to micro economic decision making and the interactions of Bertrand and
Often cited as the father of economic freedom and viewed as a champion of the flourishment of human spirit, Milton Friedman served as a major proponent and voice for free enterprise, lack of government controls, and free international trade
The commonwealth of Virginia is one of the few states in the Union which holds the local government structure of “independent cities.” In fact, the Old Dominion comprises 39 of the 42 independent cities in the United States. Cities which
The Gini Coefficient The Gini coefficient is a statistical measure used to gage the degree of inequality in a given nation or population, it is a range from 0 → 1, with 0 depicting perfect equality and 1 signalling perfect
For my regression I observed food consumption rates in dollars, plotted against income level as the explanatory variable. I used a measurement of income before taxes separated into 9 different brackets: <$15,000, <$30,000, <$40,000, <$50,000, <$70,000, <$100,000, <$150,000, <$200,000, and <$250,000.