econlife on ‘Government’

Governments’ spending, taxing and borrowing, fiscal policy has a direct impact on economic activity and growth. Looking at the past and present, econlife focuses on the role of government through fiscal policy.

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    Dietary Incentives

    Nov 27, 10 • 112 Views • Behavioral Economics, Demand, Supply, and Markets, Government, Households, Thinking EconomicallyNo Comments

    Which would you choose? 2000 calories from 10 donuts that would cost you $5? or… 2000 calories from Greek yogurt, organic raspberries, a turkey avocado wrap, Alaskan King Salmon, green beans, a whole wheat roll, strawberries and heavy cream for $25.86?...

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    Flying Snakes and Economic Growth

    Nov 24, 10 • 140 Views • Government, InnovationNo Comments

    Sometimes the federal government spends a tax payer’s money in unexpected ways. According to the Washington Post, scientists funded by the Department of Defense are studying snakes that can fly. Slightly venomous, sort of air-slithering, these Southeast...

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    Inequality and Movie Stars

    Nov 22, 10 • 94 Views • Behavioral Economics, Government, RegulationNo Comments

    Did you know that Academy Award winners live longer than losers? Much more than a trivia fact, Academy Award winner longevity provided researchers with data about inequality. As reported in the May 15, 2001 issue of The Annals of Internal Medicine,...

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    What If A State Defaulted?

    Nov 21, 10 • 90 Views • Economic Debates, Government, Macroeconomic Measurement, Money and Monetary Policy1 Comment

    What would happen if a state defaulted on its debt? It is unlikely. It has not happened since 1933. But…what if? In a fascinating simulation at The Economist’s Buttonwood Conference, an auspicious group of role players simulates a state debt...

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    Growth Stories

    Nov 20, 10 • 111 Views • Economic History, Government, Innovation, Macroeconomic Measurement1 Comment

    Height is about more than how tall you are. When affluence grows, so too do people. Why? Height seems to correspond to economic growth.  Connecting height and economic growth, a wonderful New Yorker article from 2004 tells us that Americans grew taller...