Economics

Forget Lemonade Stands, These ‘Kidtrepreneurs’ Are Running Million-Dollar Companies 0
- Economics
- October 9, 2018
When most of us think of child entrepreneurs, our minds conjure up pictures of neighborhood lemonade stands and summer lawn mowing gigs. But in the modern marketplace, today’s “kidtrepreneurs” aren’t just running small-scale businesses anymore—they are well on their way to building commercial empires. Some are so successful, their parents have even had the rare
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Is Amazon’s Minimum Wage Move a Political Ploy?0
- Economics
- October 4, 2018
Amazon made headlines yesterday after it announced it would raise its minimum wage to $15 an hour, a move that will impact more than 350,000 of its U.S. employees beginning November 1st. This decision came in the wake of harsh criticisms claiming that the online retailer both underpays and mistreats its workers. And while these
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The One Question You Can Ask to Uncover a President’s Economic Principles 0
- Economics
- October 3, 2018
Anonymous, a senior administration official writing in The New York Times, wants us to know President Trump “is not moored to any discernible first principles that guide his decision making.” Presumably, Anonymous believes other recent presidents operated by principles, and we can wonder who Anonymous thinks those presidents were and what principles he believes guided them. A
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Unboxing Amazon’s New $15 per Hour Minimum Wage 0
- Economics
- October 3, 2018
Many people assume that to raise wages, big companies must be dragged along by government policy. Amazon’s eye-opening announcement yesterday suggests otherwise. The online retail giant announced it would raise its company minimum wage to fifteen dollars per hour, and lobby for an increase in the federal minimum wage. This new policy is not merely cosmetic. Amazon’s
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Would the US be Happy Doing Things the ‘Swedish Way’?0
- Economics
- October 2, 2018
Sweden has traditionally been portrayed in the US political debate as the epitome of democratic socialism: a country where the benevolent hand of government has managed to create a sustainable and generous welfare state funded by a progressive taxation system in which high-income earners pay their fair share; a country where the government provides basic services
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How the Myth of the ‘Robber Barons’ Began—and Why It Persists 2
- Economics
- October 2, 2018
Capitalism Worked, but We Were Told It Didn’t We study history to learn from it. If we can discover what worked and what didn’t work, we can use this knowledge wisely to create a better future. Studying the triumph of American industry, for example, is important because it is the story of how the United
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