September 16, 2014
Structural change in the economy involves new technology replacing old and eliminating jobs like milkmen, icemen, gas lamplighters and typists.
September 15, 2014
As an oligopoly, through pricing power and product differentiation, Apple takes advantage of the conspicuous consumption customers could experience.
September 14, 2014
We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.
September 12, 2014
Economist Casey Mulligan says that the Affordable Care Act will impact labor markets by diminishing productively through perverse incentives.
September 11, 2014
The price floor in France's Anti-Amazon Law protects independent booksellers and their cultural contribution but diminishes efficiency and raises prices.
September 10, 2014
The lottery that Slovakia uses to catch VAT tax dodgers reflects fiscal challenges that eurozone countries like Germany and the Netherlands do not face.
September 8, 2014
Moving from records to digital, the music industry has undergone creative destruction but the length of a song between 3 and 4 minutes has been the same.
September 7, 2014
Because obesity related diseases increase entitlement spending, should government use penalties rather than incentives to slim the US population?
September 5, 2014
Estonia's market economy resulted from eurozone membership, human capital and infrastructure development and fiscal discipline.
September 4, 2014
September 3, 2014
September 2, 2014
In the Great Recession (Bush) and the Panic of 1907 (Roosevelt), we saw that the U.S. President need not appear to be running monetary and fiscal policy.