Macroeconomics

July 28, 2014
Calculating the GDP involves many decisions and using it can be controversial as in Greece.
Published by Elaine Schwartz at July 28, 2014
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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.

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July 27, 2014
Everyday Economics — Oil stories
Published by Elaine Schwartz at July 27, 2014
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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.

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July 20, 2014
Everyday Economics — Oil stories
Published by Elaine Schwartz at July 20, 2014
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Chart of the Week: The Rare Disease Spending Dilemma

Our Sunday Chart of the Week Since our chart looks at Medicaid spending on rare diseases, we better start with Medicaid. It is complicated. Yes, Medicaid […]

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July 17, 2014
JS Mill's support of redistribution from taxation in the AFA
Published by Elaine Schwartz at July 17, 2014
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John Stuart Mill on Affordable Health Care

A child prodigy, 19th century economist John Stuart Mill said in his Autobiography that, “I have no remembrance of the time when I began Greek; I […]

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July 16, 2014
Weekly Economic News Roundup and federal spending
Published by Elaine Schwartz at July 16, 2014
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John Maynard Keynes and the Generational Impact of Entitlements

Before seeing how we are benefiting unequally from entitlement programs like Social Security and Medicare, let’s start with some history. During 1934, with unemployment high and production low, […]

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July 14, 2014
traffic lights and Adam Smith's Laissez-faire
Published by Elaine Schwartz at July 14, 2014
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Adam Smith and Traffic Lights

Located 30 miles from Cape Cod, Massachusetts, the island of Nantucket has no traffic lights. Instead, drivers respond to stop signs, rotaries, and courtesy. More often […]

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July 13, 2014
global learning
Published by Elaine Schwartz at July 13, 2014
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Chart of the Week: To Which Job Will Your College Major Take You?

Our Sunday chart of the week Just some human capital facts today… Showing the proportion of people from a college major that go to a certain […]

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July 7, 2014
Indian development and tradeoffs from roads and cars
Published by Elaine Schwartz at July 7, 2014
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The Difference Between India's Stories and Statistics

There is a village in Southern India called Kadapakkam. It had been a home to farmers and fishermen whose thatched huts had no running water and no electrical appliances. At traditional tea shops […]

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July 6, 2014
Federal Budget spending categories
Published by Elaine Schwartz at July 6, 2014
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A Speedy Summary of Spending in the US Federal Budget

Right now, the Congress is supposedly debating the 2015 federal budget. Because the new fiscal year begins October 1, their deadline is September 30. But not […]

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July 4, 2014
Weekly Economic News Roundup and economic independence from Alexander Hamilton
Published by Elaine Schwartz at July 4, 2014
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Celebrating Economic Independence

Yes, the United States declared independence from Great Britain on July 4, 1776 and won the American Revolutionary War. But still, we were not truly independent. George Washington’s Secretary of […]

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June 17, 2014
Looking at Australia, the area where she is #1 or #2 display why she is a developed nation.
Published by Elaine Schwartz at June 17, 2014
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Six Facts About Australia From The "World Cup of Everything Else"

In a long list of categories that they called, “The World Cup of Everything Else,” WSJ created brackets from the 32 World Cup teams and determined the winners. […]

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