Economic Analysis

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.

One common objection to free trade is that if the United States follows a free-trade policy, foreign nations can subsidize and protect their firms in the most lucrative markets.

The costs of being corrupt are higher when a person is more likely to be caught, and the penalties for corruption are more severe.

Why are people so pessimistic when the economy seems to be doing well? We think a partial answer is “sticker shock.”

Actually, being genuinely humble complements being competitive.

In 1972, the ordinary citizens of mainland China were overwhelmingly poor and sick.

On the other hand, competition in both product and labor markets is at the heart of a free-enterprise system and is the basis of many of its benefits.

One of the many things we are grateful for is that we have the freedom to access and incorporate new perspectives into our cherished narratives.

It is the world’s largest single-day sporting event, with over 300,000 in attendance.

While people usually don’t feel they were treated justly after being “called out loudly,” at times, it is appropriate.

A recent study found that, from 1926 to 2019, holding most U.S. publicly traded common stocks reduced investor wealth.

The primary way the Fed tries to maintain low and stable inflation is through the target rate it sets for Fed Funds, which is the interest rate for overnight lending between U.S. banks.

But 45 Indiana cities with a population over 10,000 but under 50,000 in 2020 had more residents than in 1970.

Economic reality is currently trumping political aspiration in New York City.