Mr. Daisey Goes to the Apple Factory – A Lesson in Comparative Economic Systems

One of the core lessons that I try to get across in my introductory Comparative Economic Systems classes is that economic systems are complex. Reality is much more complex than either simple theory or ideology.  Countries simply cannot be easily categorized with simple labels such as capitalist, socialist, or communist.  Those labels usually obscure more … Continue reading Mr. Daisey Goes to the Apple Factory – A Lesson in Comparative Economic Systems

Not in Your Micro Textbook: The High Price of iPads and iPhones

From Business Week online we get this story: Why Apple and Others Are Nervous About Foxconn The Chinese maker of iPhones and iPads has seen a rash of suicides—which may be a price of turning out low-price, high-quality goods Terry Gou says he has no idea why so many of his employees are killing themselves. … Continue reading Not in Your Micro Textbook: The High Price of iPads and iPhones