- Read this article (2 pp.) that summarizes recent evidence on the percentage of people in a country that have paid a bribe, a form of corruption.
- This video describes corruption in Russia associated with the Sochi Olympics. It illustrates one reason why the Heritage Foundation rates the level of economic freedom in Russia as "Mostly Unfree."
- This chart reports statistics on the ease of starting a business in countries. Ease of starting a business is one indicator that the economy relies heavily on markets.
- Watch this video for a short account on Puritans in New England. It has great quotes from Governor Bradford about the problems with the communal system.
A collaborative blog for Principles of Microeconomics taught by Edward Millner @ Virginia Commonwealth University.
Thursday, January 21, 2016
Optional material for L04
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