For better or worse, America’s energy future will be determined by political considerations as much as market conditions since all energy sources generate external costs that are not fully incorporated into market prices.
The tradeoff is that the tariffs increase prices, and industries that use the now higher-priced goods as inputs in their production hire fewer workers.
Many people think economics is just about dollars and cents. However, it is much broader than that.
According to Bruce, if a person had bought the used Tucker in 1951 and reasonably maintained and stored the car, it would be worth at least $1.5 million today.
As a result of distributing COVID-19 relief funds to pretty much everybody, spending rose, eventually triggering inflation.
Ceasefires are tools groups use to improve their economic and political positions.
It seems to us that a correct degree of mutual forbearance is essential in navigating conflicts in a free society.
Mahan wrote in the late 1800s and early 1900s during the first period of globalization and viewed access to the ocean commons as crucial to a global economy.
There is nothing new nor particularly improper about a publication or news organization having an ideological or political slant.
GDP does not include household production, such as cleaning, yard work and raising children, nor the underground economy, and has other conceptual flaws, but as noted above, it is a consistent measure.
One measure of a nation’s involvement in the international economy is the percentage of its gross domestic product exported, where exports are goods and services provided to the rest of the world.
Perhaps a reason the U.S. state-building in Afghanistan failed was because our policy centralized authority under an elected national leader but ignored the crucial role of local leadership.
The U.S. Federal Reserve has a tremendous responsibility to stabilize the value of the U.S. dollar.
While resolving facts might be much easier today, discerning between narratives is likely more difficult.
When asked if “some functionally illiterate students are graduating,” 40% agreed and 47% disagreed.
Some of our colleagues have expressed concern that SB 202 would end all efforts at promoting diversity.
There are numerous conceptions of the middle class
The definition of an amateur has dramatically changed since the 1800s.
Duke professor and behavioral economist Dan Ariely reports that “people cheat more” in this case.
For example, when schools focus on students passing standardized tests, teachers teach to the test rather than focusing on students actually learning the relevant concepts.
