William R. Allen is an American economist, professor and author. He is known for his authorship of economic literature and has been a nationally syndicated radio commentator, a newspaper columnist, a Los Angeles television commentator and an occasional magazine essayist. From 1978 to 1992, more than 200 radio stations carried daily broadcasts of “The Midnight Economist” written and delivered by Allen.
Here is an excerpt of his broadcast on Prices and Taxes followed by Questions for Thought and Discussion. (see previous page for questions)
Prices and Taxes: The Midnight Economist
Address any one or two of the Questions on the previous page. You may not have the exact answers at the beginning, but you can certainly explore the idea given what you know from the class.