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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    Traffic and the Economy

    Oct 6, 10 • 185 Views • No Comments

    Sometimes policies for economic growth can be found in the most surprising places. Seeing a new paper on peak hour travel started me thinking about the amount of time we spend commuting. And commuting took me to economic growth. If you have to commute,...  [read more]

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    Health Care Insight

    Oct 4, 10 • 250 Views • No Comments

    Perhaps it all began when President Lyndon Johnson called Wilbur Mills, chairman of the House Ways and Means Committee. “Wilbur, I’ve just been looking through the polls here, and I’ve only got a few weaknesses, and the worst of them is that...  [read more]

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    The Big Tradeoff

    Oct 1, 10 • 1066 Views • No Comments

    During the 2008 presidential campaign, when asked who is rich, John McCain jokingly said the dividing line was $5 million while Barack Obama said $150,000. Now, referring to proposed tax legislation, President Obama says that a family earning $250,000 is rich...  [read more]

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    Social Security Thoughts

    Sep 17, 10 • 225 Views • No Comments

    Having just passed the French lower legislative branch, a gradual increase in the French retirement age from 60 to 62 during the next 8 years will probably be enacted. In the US, we are gradually ascending to 67 in 2027. It all sounds so logical. It...  [read more]

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    Tax Payers and Entitlement Receivers

    Sep 16, 10 • 206 Views • No Comments

    I wonder if we should be concerned. Lecture 32 of “Thinking About Capitalism” from the Teaching Company looks at John Stuart Mill (1806-1873), James M. Buchanan (1919-  ), and Mancur Olson (1932-1998). Concerned with the impact of democracy...  [read more]