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Why Can’t Death Penalty Stop Crime?

by Hak Choi ...

Series Book 77 - Profit Economics Series
Economists advocate punishment to reduce crime by increasing its demand price. A higher penalty, then, should mean a smaller amount of crime demanded, and death penalty should eradicate the whole demand, i.e., all crimes. This book uses red light violation as an example to show why this theory fails. It fails because red light is a trap. When it's a trap, it aims to capture, not eliminate ... Read more

$2.43 USD or Free with Kobo Plus

Economists advocate punishment to reduce crime by increasing its demand price. A higher penalty, then, should mean a smaller amount of crime demanded, and death penalty should eradicate the whole demand, i.e., all crimes. This book uses red light violation as an example to show why this theory fails. It fails because red light is a trap. When it's a trap, it aims to capture, not eliminate
... Read more
Optimal Tariff: Untold

by Hak Choi ...

Series Book 10 - Profit Economics Series
What is optimal? It means something maximum or minimum, but of what? Optimal tariff of course does not mean the maximum of tariff. It means the tariff rate corresponding to the maximum of some objective variable. What is the objective variable? Some use social welfare, some use tariff revenue. This volume considers both, but also rejects both. ... Read more

$2.43 USD or Free with Kobo Plus

What is optimal? It means something maximum or minimum, but of what? Optimal tariff of course does not mean the maximum of tariff. It means the tariff rate corresponding to the maximum of some objective variable. What is the objective variable? Some use social welfare, some use tariff revenue. This volume considers both, but also rejects both.
... Read more
Talmud

by Hak Choi ...

Series Book 19 - Profit Economics Series
Is there a single rule to resolve all bargaining disputes? Some think Talmud offers one, but this book proves otherwise. ... Read more

$2.43 USD or Free with Kobo Plus

Is there a single rule to resolve all bargaining disputes? Some think Talmud offers one, but this book proves otherwise.
... Read more
3D Economics

by Hak Choi ...

Series Book 1 - Profit Economics Series
Up till now, Economics is written in p-q 2 dimensions. This book includes the space variable and makes Economics 3-dimensional. It then overhauls all economic theories, especially the competition theories: monopoly demand is more elastic, colluded duopoly covers the whole market; kinked demand is redundant; etc.This book is suitable for courses like Microeconomics, Customer Relation Management, ... Read more

$2.43 USD or Free with Kobo Plus

Up till now, Economics is written in p-q 2 dimensions. This book includes the space variable and makes Economics 3-dimensional. It then overhauls all economic theories, especially the competition theories: monopoly demand is more elastic, colluded duopoly covers the whole market; kinked demand is redundant; etc.This book is suitable for courses like Microeconomics, Customer Relation Management,
... Read more
Disproving Traffic Light

by Hak Choi ...

Series Book 73 - Profit Economics Series
Traffic light regulates traffic, to prevent accidents and gridlock. This book proves that traffic light is effective only when traffic flow is very low, otherwise it actually creates congestion and hence accidents, and hence gridlock. Like blood clots, congestion should be prevented and eliminated by all means, and at all costs. Unfortunately, traffic light is just doing the opposite. ... Read more

$2.43 USD or Free with Kobo Plus

Traffic light regulates traffic, to prevent accidents and gridlock. This book proves that traffic light is effective only when traffic flow is very low, otherwise it actually creates congestion and hence accidents, and hence gridlock. Like blood clots, congestion should be prevented and eliminated by all means, and at all costs. Unfortunately, traffic light is just doing the opposite.
... Read more
10 Sins of Marx’s Labor Theory

by Hak Choi ...

Series Book 58 - Profit Economics Series
Capitalism always comes with surplus, that is, profit. When bosses usually enjoyed this surplus, Karl Marx saw them as an exploiters of labor. So he wanted to redistribute the profit to the workers. This book reconsiders a numerical example from Das Kapital to discover 10 errors to refute his theory. ... Read more

$2.43 USD or Free with Kobo Plus

Capitalism always comes with surplus, that is, profit. When bosses usually enjoyed this surplus, Karl Marx saw them as an exploiters of labor. So he wanted to redistribute the profit to the workers. This book reconsiders a numerical example from Das Kapital to discover 10 errors to refute his theory.
... Read more
Interest Rate - A Centuries Old Mystery and Conspiracy

by Hak Choi ...

This book is a, brief but critical, historical account of economists' failed attempts to derive a theory for interest rate. The consequence of this failure and the blind-driving of policies guided by defunct GPS is the ordeal, previously experienced by many countries in the world and now torturing the smaller European people, which, the author proves, is a centuries old conspiracy. ... Read more

Free

This book is a, brief but critical, historical account of economists' failed attempts to derive a theory for interest rate. The consequence of this failure and the blind-driving of policies guided by defunct GPS is the ordeal, previously experienced by many countries in the world and now torturing the smaller European people, which, the author proves, is a centuries old conspiracy.
... Read more
Perfect Price Discrimination -A Perfect Lie

by Hak Choi ...

Series Book 54 - Profit Economics Series
Perfect price discrimination is a practice to charge a customer different price on every unit of the same product. So the first unit carries the highest price, the second lower, etc. Hal Varian claimed that such practice reflects ability to pay. This book disproves such discrimination. It also redefines ability-to-pay or willingness-to-pay. ... Read more

$2.43 USD or Free with Kobo Plus

Perfect price discrimination is a practice to charge a customer different price on every unit of the same product. So the first unit carries the highest price, the second lower, etc. Hal Varian claimed that such practice reflects ability to pay. This book disproves such discrimination. It also redefines ability-to-pay or willingness-to-pay.
... Read more
Contract Theory

by Hak Choi ...

Series Book 21 - Profit Economics Series
This book solves the bargaining, exchange, contract, labor-employer, bonus sharing, timing of payment, and contract breaching problems.This book solves the bargaining, exchange, contract, labor-employer, bonus sharing, timing of payment, and contract breaching problems. ... Read more

$2.43 USD or Free with Kobo Plus

This book solves the bargaining, exchange, contract, labor-employer, bonus sharing, timing of payment, and contract breaching problems.This book solves the bargaining, exchange, contract, labor-employer, bonus sharing, timing of payment, and contract breaching problems.
... Read more
Eliminating Irving Fisher's Impatience

by Hak Choi ...

Series Book 60 - Profit Economics Series
Irving Fisher’s first interest rate theory states that interest rate is time preference, manifested in a degree of impatience. The influence of his theory is widespread. Among others, John M. Keynes took his time-preference for liquidity-preference, while Paul A. Samuelson applied his inter-temporal setting to develop a biological theory of interest rate. This book first proves that Fisher had ... Read more

$2.43 USD or Free with Kobo Plus

Irving Fisher’s first interest rate theory states that interest rate is time preference, manifested in a degree of impatience. The influence of his theory is widespread. Among others, John M. Keynes took his time-preference for liquidity-preference, while Paul A. Samuelson applied his inter-temporal setting to develop a biological theory of interest rate. This book first proves that Fisher had
... Read more
Nominal i & Feldstein

by Hak Choi ...

Series Book 16 - Profit Economics Series
If your wage rate originally was $100, then there is inflation of 10%, your real wage rate becomes $90. Perhaps, you may ask your boss to give you $110 nominal wage rate, so that your real wage rate remains unchanged.When you have deposited $100 with a bank, and the interest rate was 10%. But inflation is also 10%, so your real interest rate is 0%. Can you ask the bank for 20% nominal interest ... Read more

$2.43 USD or Free with Kobo Plus

If your wage rate originally was $100, then there is inflation of 10%, your real wage rate becomes $90. Perhaps, you may ask your boss to give you $110 nominal wage rate, so that your real wage rate remains unchanged.When you have deposited $100 with a bank, and the interest rate was 10%. But inflation is also 10%, so your real interest rate is 0%. Can you ask the bank for 20% nominal interest
... Read more
Environment

by Hak Choi ...

Series Book 41 - Profit Economics Series
Ronald Coase described a story: the cows of a cattle-raiser sway to his neighbor and destroy the farmer’s crops. That damage is called external cost. External cost means a cost not borne by either the buyer or the seller, and hence the cattle-raiser can sell his beef at a higher price, while consumers can buy at a lower price. Isn’t that good? It seems good, but when neither the seller nor the ... Read more

$2.43 USD or Free with Kobo Plus

Ronald Coase described a story: the cows of a cattle-raiser sway to his neighbor and destroy the farmer’s crops. That damage is called external cost. External cost means a cost not borne by either the buyer or the seller, and hence the cattle-raiser can sell his beef at a higher price, while consumers can buy at a lower price. Isn’t that good? It seems good, but when neither the seller nor the
... Read more

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Profitable Economics

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Why Can’t Death Penalty Stop Crime?

Optimal Tariff: Untold

Talmud

3D Economics

Disproving Traffic Light

10 Sins of Marx’s Labor Theory

Interest Rate - A Centuries Old Mystery and Conspiracy

Perfect Price Discrimination -A Perfect Lie

Contract Theory

Eliminating Irving Fisher's Impatience

Nominal i & Feldstein

Environment

eReaders

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Your Shopping Cart is empty

Available:

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Top Series in United States

Profit Economics Series

Profitable Economics

Hak Choi Academy

Profit Economics

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