STEVE TROST
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I am an Instructor of Economics and the Principles of Economics Coordinator at Virginia Tech where I teach over 1,500 students per year. Prior to that, I worked for the US International Trade Commission, the Urban Institute, and LECG, a now defunct international economic consulting firm. I also play bass in a kick-ass cover band called The Nimetones in Blacksburg, VA where I live with my wife and son.
Supply and demand and drinking!
Awesome example of some good game theory. Courtesy of classmate Justin Philbin.
…golden balls. the weirdest split or steal ever! (by spinout3)
A good article on the incentive effects of marginal personal income tax rates.
“Anyone who contends that the way to raise federal revenue is to cut marginal tax rates is arguing from ideology, not solid evidence, the economist says.”
A good article on the role of markets in society - “market economy” vs. “market society”.
A ggod article on taxes in the US - “With its relatively heavy taxes on labor, light taxes on unearned income and broad ranges of rates within the same income levels, the American tax code violates fundamental principles of income taxation.”
A new poll from Pew Research Center find that expectations for when young adults should be financially independent have gotten laxer over the years.
The price per square foot for homes in 27 areas across the country. in 2006 versus 2011.
Greece is being asked to cut it’s minimum wage as part of austerity measure imposed by the European Union. Right now it’s stalled but it’ll probably go through.
Many believe the min wage there was too high and causing unemployment (now at about 20% in Greece).
Thanks to classmate Stephen Seifert for bringing up the issue.
