In writing up my last economic journal entry [it was an analysis on an article discussing the importance of good products and strong business models for a business to thrive], the concept of hybrid cars kept running through my head. It appears as if they are the future of driving, the best environmentally sound option next to the now defunct electric car. But at this stage, many people do not realize that contrary to advertisements, hybrids are not yet the best economic choice for consumers. Buying one for the environmental benefits is one thing, but for the most part, the saved cost on gas is countered by the car itself being much more expensive than others. The point at which the fiscal decision works to the advantage of the buyer usually takes years longer than people own/lease the car for. At least at this point in time when hybrids are relatively new to the market, the opportunity cost is simply too big. Economically speaking, if one wants their car to be sound, they should go with a normal one now, and by the time they need a new car, hybrids, being more commonplace, will likely be cheaper with the kinks worked out.- Andrew Citrin
Welcome to Rye Country Day's Economic Blog. Here you will find perspectives by students taking Economics at Rye Country Day School. It is meant to be a forum where students can openly express their ideas and take positions on relevant economic issues. I urge everyone to participate in presenting their own ideas in an open manner so that we can all learn from each other. Regardless of whether you are currently taking Economics, everyone is invited and encouraged to comment on articles and get involved. Feel free to e-mail me, Alex Osborne at firstname.lastname@example.org , with comments or suggestions.