N. Gregory Mankiw
Since I’m sharing lots of data, I’ll also include the World Bank’s chart for the “G-8”, which is the term used when Russia was part of the club. As you can see, Putin’s unfortunate subjects are even worse off than China. The lesson from these last two charts is that there...
Lesson Quiz Course 2.8Kviews What is Rational Irrationality? In 2001, economistBryan Caplanwrote 'The Myth of the Rational Voter' in which he coined the term 'rational irrationality'. Caplan said that 'people tailor their degree of rationality at the costs of error.' What this means is that...
Jummai is the oldest of her 5 siblings, and has decided to assist her parents by taking on the financial responsibility of her youngest sister’s education; Halima is currently in elementary school, in Grade 5 (or Year 5, or Primary 5, depending on which nomenclature you are familiar with...
“The first lesson from 1918 is that the health effects were large and diffuse” and we may never know just how large because of inaccurate record keeping, “issues that also undermine our ability to quantify the impact of COVID-19.” The second lesson: The Spanish flu epidemic was more ...
1--Many jobs - including 100% professional grade positions - can't or won't be performed from a home office.These jobs are everywhere, and they include great careers in many professions (healthcare, retail, etc.) 2--Many companies and leaders value the impact of a team being together.Th...
While some of the materials lent themselves to analysis in their entirety (textbooks, smaller packages of lesson plans, etc.), others did not. Analysis of larger organizations, such as the Council for Economic Education (CEE), which provides nearly 500 lesson plans, proved unwieldy. For these ...
2. Whole business plans have been based on the mistaken assumption that an infinity of economic expansion will create ever-larger, ever-more-affluent middle classes in China, India and other EM countries. This has been cited, for example, as a reason for doubling the size of the global ...
Flath, David, 1980, The economics of short-term leasing, Economic Inquiry 18, 247-259.Flath, D. (1980). The economics of short-term leasing. Economic inquiry 18- 247.Flath, D. 1980 . The Economics of Short-term Leasing . Economic Inquiry 18 (April): 247 – 59 ....
Based on a theory known as Keynesianism, politicians are resuscitating the notion that more government spending can stimulate an economy. This mini-documentary produced by the Center for Freedom and Prosperity Foundation examines both theory and evidence