Households

In a circular flow model, households are the source of consumption expenditures and land, labor and capital for businesses. Econlife looks at all of the activities of households that include spending, taxes, education, health care and income.

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    Visiting the Labor Market

    Mar 9, 11 • 254 Views • No Comments

    We might need to adjust how we think about the labor market. Yes, we know that the unemployment rate for February was 8.9% and that 13.7 million people are jobless.  However, to encourage thoughts about the future, an M.I.T. economist tells us more....  [read more]

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    Bikes-For-Hire and the British Coastline

    Mar 8, 11 • 297 Views • No Comments

    London’s new bikes-for-hire program is about more than bikes. Launched this summer, the program had to solve a mismatch between supply and demand. In certain places there were too few bikes for the number of people who wanted them. In other spots, the...  [read more]

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    Oil Dilemmas

    Mar 4, 11 • 315 Views • No Comments

    The good news? We are driving more again–more miles than any year since 2007. The bad news? We are driving more again–more miles than any year since 2007.. Here are the facts from a WSJ article. With the recession and higher gas prices,...  [read more]

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    What is Best For Growth?

    Mar 3, 11 • 232 Views • No Comments

    What if the Congress decides to slash spending by $60 billion right now? Prominent economists are again disagreeing. According to Stanford economist John Taylor, we would have a resurgence of business confidence, renewed investment spending and new jobs....  [read more]

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    An Oil Surprise

    Feb 24, 11 • 317 Views • No Comments

    As the turmoil in the Middle East unfolds, if you want to sound knowledgeable about oil, you could just say $147, contango and floating storage. As you can see on this graph, it was mid-July, 2008, when the price of oil peaked at slightly more than $147 a...  [read more]