Economic Debates

Most economic decisions can be debated. We have to decide whether we want higher or lower taxes, where to cut government spending, whether the deficit matters, if a business should have more regulation, if marginal analysis should affect environmental regulation. Learning about economics involves defending policy alternatives.

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    The PIIG’s Progress

    Nov 3, 10 • 220 Views • No Comments

    Almost everyone seems to be debating the same issues. Spend less, tax more, or both? Now perhaps Portugal has made some progress. Hoping to bring its budget deficit down to 4.6% of GDP in 2011, their VAT will ascend to 23%. But will they cut public sector pay...  [read more]

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    Environmental Dilemmas

    Nov 2, 10 • 224 Views • No Comments

    It’s the same question. Economic development or conservation? During April, the headline said, “Uganda Seeks to Reconcile Oil-Nature.” Now, in Tanzania, “Proposed Serengeti Highway Is Lined With Prospects and Fears.” The places...  [read more]

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    Silver Job Fairs

    Oct 31, 10 • 221 Views • No Comments

    It is more likely that a 75 year-old South Korean will be working than a 60 year old Frenchman. According to OECD (Organization of Economic Cooperation and development) statistics cited by Floyd Norris, workers in South Korea and Japan remain in the labor...  [read more]

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    China’s Market

    Oct 13, 10 • 239 Views • No Comments

    Sort of like jumbo shrimp and a working vacation, we could say that an authoritarian market is an oxymoron.The chief economist of the World Bank, Justin Yifu Lin, would disagree. As described in a recent New Yorker Magazine profile, Dr. Lin has an unusual...  [read more]

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    Aging Trends

    Oct 12, 10 • 273 Views • No Comments

    Baseball’s MVPs are typically younger than 30 and rarely over 35. Office workers and salespeople tend to be most productive in their early to mid-40s. Most Nobel prize winners in physics and chemistry did their innovative work before they were 50....  [read more]