Economics

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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Your First Job: Real Costs of the Minimum Wage 0
- Economics
- September 28, 2018
With midterm elections approaching, ideological battlegrounds are being staked out — and few carry greater promise of enticing voters than minimum wage policy. Recent political developments in this area include repurposing the minimum wage as a “living wage”, conflating and popularizing the notion of a “Universal Basic Income”, and a “corporations can afford it”/”fight for $15” narrative. The latter is the
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You Can Trust The Polls in 2018, If You Read Them Carefully 0
- Economics
- September 26, 2018
On the morning of Nov. 8, 2016, many Americans went to bed confident that Hillary Clinton would be elected the nation’s first female president. Their confidence was driven, in no small part, by a pervasive message that Clinton was ahead in the polls and forecasts leading up to the election. Polling aggregation sites, such as
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How One African Nation is Pulling Itself Out of Poverty 0
- Economics
- September 25, 2018
When discussing the dramatic increase in living standards of the last decades, we usually forget to mention that this increase hasn’t been uniform. Whereas Asia has experienced tremendous economic growth, Africa is the continent that has benefited the least from global capitalism. This doesn’t mean that living standards in Africa haven’t increased at all. Since
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The New York Times Explains Why the Minimum Wage Should Be $0.00 0
- Economics
- September 25, 2018
The minimum wage is the Jason Vorhees of economics. It just won’t die. No matter how many jobs the minimum wage destroys, no matter how many times you debunk it, it always comes back to wreak more havoc. Economic Literacy from an Unexpected Source We’ve covered the issues at length at FEE, and quite effectively,
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