How to Make Kids Smarter (And Also Help the GDP)

While superstition tells us that babies born during the Year of the Dragon will have more success and power, economists look at human capital investment.

Where Toilets “Take a Village”

Shown by a project in rural India, building a sanitation network that includes toilets can eliminate open defecation and the disease it creates.

Emerging Markets: Cow Economics

Think of dung cakes and milk and calves as output. And feed and veterinary fees and milking time as input. The result is a new image of a cow. Compiling data from Northern Indian villages, researchers from Penn and Yale concluded…

China’s Singles Day

November 11 was Singles Day in China. Started by a group of college students during the 1990s, Singles Day is when unmarrieds shower each other with gifts. I have read that 11/11 represents 4 bare sticks which sound like the…

Election Economics: Obama’s Keynesian Message

Comparing Obama/Biden and Romney/Ryan economics, people name John Maynard Keynes and Friedrich von Hayek. Having looked at Hayek several weeks ago, let’s turn to Keynes now. During 1934, with unemployment high and production low, British economist John Maynard Keynes was…

Election Economics: Assessing Dodd-Frank

University of Chicago professor Luigi Zingales tells the story of being asked to tape his windows during a tornado watch in Boston. A similar mandate in Italy, he said, would mean that the brother of the mayor was in the tape…

GDP Solutions

It is all about GDP.  In this article, the WSJ does a good job of explaining how each GDP component might solve our problems…or make them worse. Consumer Spending: The largest part of GDP, consumer spending has propelled recovery in…

Regulatory “Pay-Go”

Too much regulation? Senator Mark Warner’s proposed legislation is an interesting approach. Concerned that regulation is “stifling fresh investment and discouraging innovation,” Senator Mark Warner says the incentives have to change. Currently, when federal agencies create new rules, their power…

A Savings Lottery

Assume you have 3 extra dollars each day. Would you use it for a lottery ticket or a savings account? Most people would select the lottery ticket. Economists, though, hoping to elevate our nation’s savings rate, would like to encourage…

The NYC Economy

With “Law & Order” being canceled by NBC, the New York City economy will feel it. Of course actors are affected but also the caterers who feed them, the stores that sell them the lawyers’ clothing (Barney’s and Saks), and…