economics

Comparing Trump's tariffs, pure free trade, and Import Certificates trade policies. Foreign trade per se, is of no harm but rather of some benefit to participating nations. However the same is not true if the nation experiences annual negative net balances of foreign trade, (i.e.annual trade...

“Raise the Wage Act”, (H.R. 258) would have increased most USA’s wage-earning families’ incomes. The last minimum wage bill that was proposed and considered in congress, was H.R. 258, “Raise the Wage Act”. It was passed by the Democratic majority house, then passed on to the Republican majority...

These are the rules of Economics, rules that have never been successfully challenged, because its simply how economics works naturally. 1. There is no such a thing as a free lunch. 2. You get what you pay for. 3. Artificially Free Lunches still cost money, they are still lunches at FULL price...

what if the economic system is good and fair in theory ;but just doesn't work . Should you change it for one that does work but is imposed?

This speech has been going around the business and economics community a lot since legendary investor George Soros gave it a few days ago. It is a great speech and one in which he brings up a lot of interesting points. Definitely worth the read even if you are not into economics- it has a...

I just cannot believe the absolute stupidity of Congress in passing the bill to extend tax cuts and unemployment benefits. Their action borders on the intelligence of one who could be classifed with a mentality of an idiot or lunatic. What they have done is to kick the proverbial can down the...

Just started reading this, but really good so far. http://www.amazon.com/Winner-Take-All-Politics-Washington-Richer-Turned/dp/1416588698

Value Added Tax, (i.e. VAT) Unlike any other sales tax method, VAT does not any manner increase prices by additionally taxing the sales taxes levied within previous sales transactions. For this reason the government?s revenues due to exactly the same rate of taxation is less for VAT and...

I am starting an economics club at a university and I would love to hear some ideas on how I should organize the club. Any general or specific ideas are greatly appreciated (i.e. frequency of club meetings, topics discussed, etc.).

What do you guys think of Keynesian economics? I've heard of it before, but forget what is it about. Can someone explain it to me? Thanks!

I know I've sounded really down on economists and their whole field, but I'm really not. I think that economics is one of the most complex fields of study around, and as a subject it is still in its infancy. Because it is very mathematical, it tends to look more precise and scientific than it...