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.

  • Human capital helps GDP Grow

    The Supreme Court, Starbucks and Human Capital

    Oct 12, 12 • 421 Views • No Comments

    Saying affirmative action was the reason she was rejected from the University of Texas, Abigail Fisher sued. The University responded that it was okay for race to be a part of their admissions process. And Starbucks, Wal-Mart and 55 other prominent US......  [read more]

  • The Congress and the Deficit

    Big Bird’s Issues

    Oct 11, 12 • 510 Views • No Comments

    All the talk about Big Bird and federal funding is really about 2 much bigger issues. 1. Discretionary Spending With proposed spending in the Obama 2013 budget at 3.7 trillion dollars, a tiny proportion–between 1 and 2 percent, goes to the Corporation......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Social Security

    Oct 8, 12 • 546 Views • No Comments

    Last year and the year before, Social Security collected less from the taxes that fund it than it paid to beneficiaries. All was okay though, because a trust fund exists for precisely that reason. With more than $2 trillion invested in US treasuries, the......  [read more]

  • Job Gains in Texas and Losses in Caifornia and Florida

    A Tale of Two Surveys

    Oct 6, 12 • 435 Views • No Comments

    Everyone was surprised that the US unemployment rate for September dipped to 7.8%. Interpreting the number as evidence of an accelerated recovery, some people were delighted. Others advised caution, saying the statistical source of the unemployment rate is......  [read more]

  • For most economists, historians, social scientists, it is tough to avoid research bias

    Blame, Bias and Belief

    Oct 5, 12 • 378 Views • No Comments

    Having just begun The Sense of an Ending by Julian Barnes, I wanted to share a wonderful excerpt. While this student is commenting on the origins of the First World War, his comments take us far beyond. “Indeed, isn’t the whole business of......  [read more]