Bohanon and Horowitz: Is the age of Western dominance ending? It appears that way.
Neither China nor Russia are liberal democracies, and India is backtracking on its democratic leanings.
Neither China nor Russia are liberal democracies, and India is backtracking on its democratic leanings.
For over 100 years, water has been an asset subject to the rule of use-it-or-lose-it. Western water laws ensure that unused water is forfeited back to the common pool.
Open-market operations are when the Fed increases or reduces the nation’s money supply by buying or selling government bonds.
The word economics, however, traces to the Greek word oikonomia, which, in ancient Greece, meant estate management.
It is estimated that 169,000 workers have lost jobs in technology companies since the first of the year.
Death, destruction and rebirth, followed by unheralded improvements that are often difficult to foresee, are economic parallels to the narratives of religious faith.
The failure of SVB is almost exclusively driven by regulators and bank management ignoring what country bankers knew. That is, you can’t finance long-term investments with short-term money.
State-sanctioned gambling is a significant source of state tax revenue.
Even with these hardships, the Lebanese people are resilient.
Inflation is when it becomes more expensive to purchase that bundle of goods.
Perhaps the most depressing aspect of the war is, there is no end in sight.
Only 20% of parents say it is extremely or very important their children get married or have children as adults.
Workers’ greater freedom to choose where to work suggests that downtown Indianapolis’ future depends on its ability to attract people as a place to live more than as a place to work.
If you look at the wrong things, such as how many enemy soldiers are killed, measures such as “cost-effectiveness” can become misleading.
Egg prices increased nearly 13 times faster than food prices in 2022 because a deadly poultry virus killed over 40 million hens.
The major differences between economists and non-economists are their assumptions about the goals of individual investors.
Staying the course is similar to patients continuing their treatment and taking their medications.
The growth of e-commerce is similar to the growth of mail-order firms in the late 1800s when transportation and mail-delivery improvements made it possible for firms to lower the costs of selling directly to customers.
If public funds were allocated to another public use or returned to the taxpayer, they would produce jobs in other sectors. Six of one, half a dozen of the other.
We love economics, but it is good for economists to get out of our bubble now and then.