Economic Ideas

November 5, 2015

Why It’s Tough to Place the Poverty Line

Whether calculating the poverty rate in Rwanda or in the U.S., the income and/or consumption variables you select determine your results.

November 2, 2015

Why China’s Two-Child Policy Might Not Work

Although China has said it will replace its one-child policy with a two child limit, small families remain a social norm that will be tough to change.

October 29, 2015

The Impact of a Legendary Economics Curve

Showing the connection between inflation and unemployment, the Phillips Curve has been re-interpreted, re-affirmed and condemned as a monetary policy tool.

October 27, 2015

Solving the Mystery of the Disappearing Workers

One reason we have a labor force participation rate of 62.4 percent is because retirees, students, the disabled and people who care for family do not work.

October 25, 2015

The Diner’s Dilemma: Should You Divide the Check Equally With Friends?

Like the tragedy of the commons, splitting a bill among friends at a restaurant involves an individual's marginal benefit and the group's marginal cost.

October 23, 2015

Why Our Kids Will Not Care For Us When We Are Old

Because of aging populations in the developed world and in China, concern about care for the elderly and rising dependency ratios have increased.

October 21, 2015

An Update: What We Need to Know About the Debt Ceiling

A debt ceiling controversy could erupt by November 3rd when Jack Lew says the U.S. Treasury will need to borrow to meet its spending obligations.