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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    Stagnation or Education?

    Nov 19, 11 • 427 Views • No Comments

    Is the problem stagnation or education? For George Mason economist Tyler Cowen, it was all about his grandmother. Debating MIT economist Erik Brynjolfsson, Cowen reminded us that a long list of innovations including cars, antibiotics and refrigerators......  [read more]

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    Ben Franklin’s Turkey

    Nov 17, 11 • 431 Views • No Comments

    The bald eagle is our national bird but, according to Ben Franklin, the turkey should have been. In a letter to his daughter, he explains why. “True original natives,” turkeys are American birds. “…Though a little vain and silly, [the......  [read more]

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    The Supreme Court and the Health-Care Law

    Nov 16, 11 • 386 Views • No Comments

    How to understand what the Supreme Court will look at when they decide whether parts of the health-care act are constitutional? In an excellent interactive graphic, the Washington Post identifies the issues that Supreme Court will consider: Individual......  [read more]

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    The Future of Oil

    Nov 8, 11 • 417 Views • No Comments

    When will we run out of oil? A room full of pistachios might have the answer. In the first several pages of The Invisible Heart: An Economic Romance, a teacher says you have been given a room filled 5 feet high with pistachio nuts. The nuts are free, you are......  [read more]

  • Unless We Look More Closely at Women in the Global Labor Force, We See Only the Tip of the Iceberg.

    Leaving the Euro

    Nov 5, 11 • 463 Views • No Comments

    Would you like to win 250,000 British pounds? Predicting that a nation’s euro zone exit would be catastrophic unless properly managed, a UK businessman has sponsored a contest. To win the prize money, you just need to submit the best departure plan. The......  [read more]