Economic Ideas

November 27, 2014

A Bigger (Thanksgiving) Pie or Equal Slices?

Increasing income inequality by moving from communal farming to individual plots, Plymouth Colony Governor William Bradford changed income redistribution.

November 25, 2014

What An Unemployment Rate Does Not Tell You

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.

November 13, 2014

Should Water Be Free?

Although protestors in Detroit and Ireland say water is a human right, economists, citing a definition of a public good and a tornado alarm, would disagree.