Why do economists tend to think high-deductible health insurance (health insurance that does not cover the insured person's health care expenditures until s/he has spent a large amount, like $3000) will help our society achieve better value for our hea...
Why do public goods demonstrate the limitations of a free market economy? A. They allow consumers to make all of the economic decisions. B. They allow government to make some economic decisions. C. Th Explain why economists might say that the market for higher education demonstrates externalities...
Indeed, some proponents have argued that a land value tax would do away with the need for any other taxes. Imagine a world with no income tax, no sales tax, and no capital gains tax. That may sound like a fantasy, but land value taxes have the support of a range of economists ...
Expansionary policy is also popular—to a dangerous degree, say some economists. Fiscal stimulus is politically difficult to reverse. Whether it has the desired macroeconomic effects or not, voters like low taxes and public spending. Due to the political incentives faced by policymakers, there tends...
aFor most economists, the root causes of corruption lie in the delegation of power. It is the discretionary use of that power and the often monopolistic position public agents enjoy when dealing with contracts which make corruption possible. The incentives and opportunities for corruption depend on...
Slugabed. slowpoke. Idler. Loafer.The English language has many evocative terms for those seen asworkshy. Britishpoliticianshavemade hearty use of themwhen debatingeconomic inactivity.Economists, however, used to point out that Britain had a good record on this score. For two decades until 2019 it...
Economistshavenosuchluxurywhentestingeconomiclaws.Theycannot per ormthecontrolledexperimentso chemistsorbiologistsbecausethey cannoteasilycontrolotherimportant actors.Likeastronomersormeteorolo- gists,theygenerallymustbecontentlargelytoobserve. Inmyowntravels,Ihaveo ten oundsimilarskepticism.However,suchskepti- ...
Why do informal markets resist formalizing, even when the gains of doing so outweigh its costs in the long run? While a number of responses to this questio
For example, natural scientists referred to “drivers of change” in systems, such as saying that beef consumption was driving deforestation, a framework not familiar to economists. It was difficult to recruit social scientists to chapters in the “Current State and Trends” Working Group because ...
aFor most economists, the root causes of corruption lie in the delegation of power. It is the discretionary use of that power and the often monopolistic position public agents enjoy when dealing with contracts which make corruption possible. The incentives and opportunities for corruption depend on...