Cecil Bohanon and John Horowitz: Microeconomic concepts for non-economists
What economic concepts are most important for citizens? Here is our top 10 list of microeconomic concepts.
Economic Analysis
Articles
Cecil Bohanon and John Horowitz: War’s harm to international trade lasts decades
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.
Cecil Bohanon and John Horowitz: Local government essential in balanced governing
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.
Cecil Bohanon and John Horowitz: Fed should lower inflation further before touching rates
The U.S. Federal Reserve has a tremendous responsibility to stabilize the value of the U.S. dollar.
Cecil Bohanon and John Horowitz: With all its information, the internet won’t settle political debates
While resolving facts might be much easier today, discerning between narratives is likely more difficult.
Cecil Bohanon and John Horowitz: Will U.S. continue to support defense spending?
Last month, the Senate voted for a bill to fund Ukraine, Taiwan and Israel. It passed 70-29.
Cecil Bohanon and John Horowitz: How politics sway views on academic standards
When asked if “some functionally illiterate students are graduating,” 40% agreed and 47% disagreed.
Cecil Bohanon and John Horowitz: Indiana Senate Bill 202 isn’t the devil some think it is
Some of our colleagues have expressed concern that SB 202 would end all efforts at promoting diversity.
Cecil Bohanon and John Horowitz: The middle-class decline might not be a crisis
There are numerous conceptions of the middle class
Cecil Bohanon and John Horowitz: The evolution of college sports, amateur players
The definition of an amateur has dramatically changed since the 1800s.
Cecil Bohanon and John Horowitz: You’re more likely to cheat for charitable causes
Duke professor and behavioral economist Dan Ariely reports that “people cheat more” in this case.
Cecil Bohanon and John Horowitz: Debasing learning measures erodes quality of education
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.
Cecil Bohanon and John Horowitz: Economies still thrive best operating under free trade
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.
Cecil Bohanon and John Horowitz: Exposing corruption and its influence drains its power
The costs of being corrupt are higher when a person is more likely to be caught, and the penalties for corruption are more severe.
Cecil Bohanon and John Horowitz: Inflation has Americans feeling pessimistic
Why are people so pessimistic when the economy seems to be doing well? We think a partial answer is “sticker shock.”
Cecil Bohanon and John Horowitz: Humility, competitiveness actually go hand-in-hand
Actually, being genuinely humble complements being competitive.
Cecil Bohanon and John Horowitz: Decriminalization isn’t a sure-fire drug remedy
Since 2021, Oregon has decriminalized drug use, but few think the policy is a success.
Cecil Bohanon and John Horowitz: Henry Kissinger’s legacy can be seen in China
In 1972, the ordinary citizens of mainland China were overwhelmingly poor and sick.
Cecil Bohanon and John Horowitz: Noncompete agreements have economic trade-offs
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.
Cecil Bohanon and John Horowitz: Plymouth—from one form of capitalism to another
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.