Economic Ideas

February 19, 2015

Part 1: What To Do When More People Are Old

As population shifts, developed nations will have redistribution decisions as the proportion of the non-working aged and the young need more labor income.

February 17, 2015

How Much Do Average People Agree With Economists?

Average Americans disagree with the economic consensus for many issues according to surveys from the University of Chicago Booth School.

February 13, 2015

Pondering the Bunker Hill Theory of Inflation

As the source of monetary policy, the Federal Reserve has to decide if interest rates should rise when inflation is low but a jobs recovery has begun.

February 12, 2015

Three Big Questions About the GDP

GDP problems include that it's not calculated the same way in different countries, its data can be tough to gather, and its components omit important items.

February 9, 2015

One Reason We Can’t Believe in Innate Talent

Limiting potential economic growth, the myth of innate talent in disciplines like philosophy diminishes the pool of female and Afro-American human capital.