Economics

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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How Public Pension Liabilities Are Becoming Public Threats 0
- Economics
- September 20, 2018
In most states, people tend to worry about things like education or the economy. In Oregon, public pensions are suddenly at the forefront of political discussions. Why? Because the Public Employees Retirement System (PERS) in Oregon is more than $25 billion in the hole. Of course, Oregon is hardly the only state deep in the
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Should College be Free?0
- Economics
- September 20, 2018
Fall is here. That means many things are on their way down, including bank accounts as parents write tuition checks. Is anything going up? Maybe interest in “free” college. How often are we told by our friends on the left that we ought to follow the lead of Europe, specifically western Europe? Pretty often, by
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Five Lesser Known Financial Crises of the 20th Century 0
- Economics
- September 13, 2018
A decade has passed since the collapse of the Lehmann Brothers investment bank, triggering the worst recession since the stock market collapse of 1929. But between the 1930s and 2008, the world experienced several economic downturns, some of which had a long-lasting impact on the affected countries. Here are five less well-known crises that shaped the Twentieth
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Is the World Really Getting Richer?0
- Economics
- September 6, 2018
These days, our view of the world seems to be dominated by a sense of pessimism. No matter how many surveys you look at (see, for instance, here and here), results are always the same: most people are convinced that the world is becoming a worse place in which to live. Nevertheless, there is plenty
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