Increasing income inequality by moving from communal farming to individual plots, Plymouth Colony Governor William Bradford changed income redistribution.
A single statistic like the unemployment rate for Japan, the European Union and the U.S. can be misleading until we look more closely at what it represents.
Because host countries for the Olympics and World Cup spend too much on new stadiums, their subsequent return on investment (ROI) is usually inadequate.
While a misery index shows a nation's inflation and unemployment rates, the eurozone's high unemployment might create disproportionate unhappiness.
With the Supreme Court deciding if North Carolina's dentists can exclusively whiten teeth, the pros and cons of occupational licenses are being debated.
New attitudes that value marriage less and new economics through which women have more pay and education and men work less have changed marriage markets.
With populations growing older in the developed world, their wellbeing might affect the GDP growth rate because of the expense of their care.
Since education creates positive externalities that fuel economic growth, understanding how to develop expertise through human capital formation is crucial.
Just like grading human capital, ranking college quality through a single number hides the subjectivity of the process.
Knowing about how and when creative people achieve optimal productivity is important because of the connection between human capital and economic growth.
Whether looking at the supply chain for a pencil or an iPhone 6, we see globalization because price system incentives create cooperation.












