Led by Chinese economic growth and other emerging markets, the center of economic gravity is moving eastward from the developed world to Asia.
Economic History
US economic history starts with the 13 colonies and the transition from communal to individual land ownership, continues with 19th century economic growth and takes us to the role of services during the 20th century. Involving government, consumers and businesses, at econlife, economic history provides more understanding of today’s economy.
The Costs of Being Prepared for a Natural Disaster
Whereas natural disaster preparation can save lives, it might have too high an opportunity cost to make sense or be a ShakeAlert that has been proven.
How Music Can Empower You
Like athletes use music before competing, so too can we energize our human capital at work with music that empowers us physiologically and psychologically.
What Refrigerators Can Tell Us About Global Markets
In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.
Will You Get Your Social Security Benefits?
The 2014 Social Security Trustees Report says that after we deplete the remains of the program’s trust funds in 2033, payroll taxes will not provide all promised benefits.
The Spillover from Refrigerators in China
The spread of refrigeration in China has positive and negative externalities that relate to household diets, greenhouse gases and transport and home waste.
Argentina's (Long) Default History
With Argentina again defaulting on her sovereign debt, she is violating the sanctity of contracts and lessened her borrowing ability at home and globally.
Greece Again?
With more austerity resistance to government spending cutbacks, Greece could again be heading for a sovereign debt default and a bailout.
Why the GDP is Much More Than a Number
Seemingly just a statistic, how we calculate the GDP and how it is used can be controversial and affect the lives of millions of people.
Three "Tear-Water" Graphs
The U.S. has had an economic recovery from the Great Recession with sluggish GDP growth, a worrisome output gap and slowly diminishing unemployment.