A common misperception is to characterize a free market as one where businesses are “unbridled” and can do “whatever they please” in pursuit of profits.
We economists do our best to measure changes in the cost-of-living over time. Yet we suspect that many components are difficult to capture in statistics.
The economic outlook for the United States this year isn’t pretty. But at least the situation looks better here than in most other major nations.
One of the biggest issues the Indiana Legislature will face in 2020 is what to do about K-12 teacher salaries.
Unlike government by despot or militia, institutions of collective choice prize discussion, deliberation, transparency, predictable process, compromise and accommodation.
From wide perspective, decreasing fertility rates exacerbate the problem of slowing population growth. From the individual’s perspective, they reflect continued positive economic trends.
It seems to us that much of the conflict over teacher pay is the result of local districts running schools that the state pays for.
The cell phone replaced all its malefactors by giving consumers a better way of satisfying their wants. Good for consumers, but bad for the producers of outdated products.
Cheap debt encourages fiscal irresponsibility—among teenage boys and politicians.
Shareholders vs. stakeholders? A distinction without a difference?
Even the most horrendous human tragedies can have a silver lining—that is, if government policies don’t get in the way.
The future of older manufacturing towns is not in manufacturing. Economic development must be about more than attracting new smokestacks to old brownfields
Could President Trump’s decision to escalate trade tensions with China cost him re-election? If history is any guide, it probably will.
Since at least the time of John Maynard Keynes, if not earlier, economic pundits have been looking for a “golden” economic signal that predicts economic downturns.
Any tariff the United States imposes on foreign imports can be offset by interventions in the currency market.
The budget deal signed into law by President Trump spotlights the federal government’s fiscal irresponsibility.
Pick your poison: dysfunctional incentives for those who receive benefits or massive budget-busting programs.
With more than 20 candidates for president and perhaps more in the offing, lots of wacky policy proposals to redistribute income are bound to emerge.
Investors now predict a 100% chance that the Federal Reserve will lower its interest rate target at its next meeting on July 31. The impending interest rate cut is a reversal of the Fed’s recent policy stance.
Among the foreign-born residing in the United States, the labor-force participation rate is 65.8%. For the native-born population, the labor-force participation rate is lower: 62.9%.