econlife on ‘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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    Random Notes From Recent News

    Oct 19, 10 • 106 Views • Demand, Supply, and Markets, Government, HouseholdsNo Comments

    1. Among the U.N.’s 8 millennium goals for 2015, sustaining aging populations was not included. Why? 2. You might want to decide with whom you agree: WSJ‘s Daniel Henninger saying that “Capitalism Saved the Miners” or The Huffington...

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    Aging Trends

    Oct 12, 10 • 104 Views • Economic Debates, Economic History, Government, Households, Innovation, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Baseball’s MVPs are typically younger than 30 and rarely over 35. Office workers and salespeople tend to be most productive in their early to mid-40s. Most Nobel prize winners in physics and chemistry did their innovative work before they were 50....

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    Traffic and the Economy

    Oct 6, 10 • 93 Views • Households, Innovation, Regulation, Thinking EconomicallyNo 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,...

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    Health Care Insight

    Oct 4, 10 • 116 Views • Demand, Supply, and Markets, Government, Households, Macroeconomic Measurement, RegulationNo 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...

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    The Big Tradeoff

    Oct 1, 10 • 522 Views • Businesses, Government, Households, Macroeconomic MeasurementNo 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...