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.

  • 16607_9.10_000005262499XSmall-1

    What’s Cheap? What’s Expensive?

    Sep 10, 11 • 784 Views • 5 Comments

    Starting with, “…eating and clothing ourselves is getting easier all the time,” an Atlantic article discusses “cheap” and “expensive.” Relatively cheap: computers media toasters, washing machines, other manufactured......  [read more]

  • The Congress and the Fiscal Cliff

    Is Government the Solution or the Problem?

    Sep 9, 11 • 615 Views • No Comments

    Maybe everyone got something from President Obama’s jobs plan. According to the Washington Post’s Ezra Klein, the “right” got tax cuts, the “left” got help for the unemployed and infrastructure spending, and everyone will......  [read more]

  • 16586_4.2_000010186118XSmall

    Looking at Labor

    Sep 5, 11 • 609 Views • No Comments

    What if a physical trait meant you will earn $230,000 less during a lifetime?   According to one study, a person who was in the bottom one-seventh for looks earned 10% to 15% less than people who were in the top one-third. In a NY Times column, a......  [read more]

  • 16596_6.30_000005521931XSmall

    Government Failure or Market Failure?

    Sep 4, 11 • 583 Views • No Comments

    The illness? High unemployment and sluggish growth. The patient? The U.S. economy. And sometimes, according to Nobel Laureate Gary Becker, a stimulus pill just won’t work. In a WSJ opinion piece, Dr. Becker first explains that government misdiagnosed......  [read more]

  • How much should cities plan for the storm of the century?

    Stormy Issues

    Sep 1, 11 • 598 Views • No Comments

    For Hurricane Irene relief, the debate is again about the debt. Let’s start with the Congress. Expressed by Texas Representative Ron Paul, government should not play a role because “intrusive” bureaucracy” hinders local people and......  [read more]