That academia is a creature of the left is hardly in question. Voting patterns and political contributions of professors are widely studied, and astonishingly leftist. Diversity efforts seek to build a cadre of people who look different but think exactly alike. Still, I wonder how much it really matters.
Among the most misunderstood concepts in public policy is the burden of taxes. One unfortunate result is a good bit of bitterness and calumny over who pays their fair share.
About half of all young people try college, but only half of that group finish a degree. The difference between these groups is almost wholly due to old-fashioned hard work and perseverance.
World War I began a century ago this week, and its legacy continues to have economic, social and political effects.
Almost nothing in economics seems to confuse people as much as monetary inflation. That confusion leaves an intellectual void into which some of the least credible ideas of the modern world crawl.
Nationally, from July through September 2013, growth in state income tax collections slowed appreciably. Only a few states were spared, and here in Indiana they actually shrank slightly, as they did in five other states.
a recen studied of states’ friendliness to small businesses gave Indiana poor grades for ease in finding workers, leveling blame on networking and training programs. This is interesting, but almost certainly not the actual problem.
This past couple of weeks has offered a rare series of court rulings that have implications for both households and businesses.
Every loophole, deduction, exemption, abatement and carve-out is designed to benefit one class of citizens at the expense of others. These are neither fair nor simple. They are rarely effective.
New Government Accounting Standards Board rules require state and municipal governments to report their pensions in ways more like that of private sector pensions.
Without even touching upon the fairness of Indiana taxpayers subsidizing Hollywood studios, film tax credits are of dubious value. The jobs they generate are transient, often low-paying and unlikely to meet the simplest benefit-cost calculus.
Quarter after quarter of booming growth, seen for several decades, might have slowed permanently. The 2000s saw only five rapid-growth quarters, and this decade has had two. It might mean that higher average growth rates are more difficult to achieve due to structural changes in the economy related to technology.
French economist Thomas Piketty’s new book “Capital in the Twenty-First Century” is far and away one of the most important books on the economy in some time.
A promise of nearly infinite health care to any large group of people has a nearly infinite cost.
I have long argued that Hoosier taxpayers are willing to spend more in places where they can see results. The results of the recent election suggest I am right about that.
Mother’s Day is a splendid opportunity to think about the evolving economic effects of women as parents, how this influences their economic lives, and how women value motherhood in economic terms.
Having lived and worked in three states over the past decade, I have watched how state policy influences local government.
If we separate people into two groups by age, education, gender, race, occupation or almost any other factor, their average wages differ in some way. But this sort of comparison doesn’t tell us much. If we use statistical methods that account for multiple characteristics, wage differences for most factors disappear.
With the passing of April 15 and the annual ritual of tax filings, news pages are filled with discussion about the size of federal, state and local tax burdens.
One aspect of economic research I think is especially powerful is the ability to measure or monetize the things humans clearly value but for which a market price is not necessarily apparent.
