Food choice has become a major political battleground in the public health fight against obesity. Since the 1970s, the prevalence of obesity and overweight have both increased dramatically. Though rates are now relatively steady, the NIH reports that more than two-thirds of American adults and about one-third of children are overweight. The first shots across … Continue Reading ››
In economics “incentives matter”, so much so that the bestselling book Freakonomics
defines the discipline of economics as the study of incentives. Extrinsic incentives, like cash payments, are familiar forms of incentives and they are often proposed in order to motivate or alter the behavior of individuals. So, should students get financially rewarded for class … Continue Reading ››
Over the past three decades, the American manufacturing has been characterized by a marked decline in employment rates. We hear much about deindustrialization and the outsourcing of production leading to an almost wholesale relocation of American labor-intensive industries to lower-wage areas in the developing world. By the end of 2012, the sector had lost approximately … Continue Reading ››
The large increase in share sell-offs coupled with a troubled Chinese market have led to a global market downturn in recent months. Although most analysts had projected the markets to recover by the beginning of 2016, we instead saw a number of stock markets slip into correction territory. As a result, the global economy as a … Continue Reading ››
Last Monday, for the first time in a decade, our neighbors to the north elected a new head of government. Justin Trudeau and the Liberal Party of Canada won Canada's federal election by a surprising margin, crossing the finish line with 184 of a possible 338 electoral districts and 39.5% of the popular vote. In … Continue Reading ››
Economists and analysts of the 2007-2009 financial meltdown usually take the domestic housing and securities markets as the point of departure in their prognoses of the crisis. While refusing to look beyond what seems to be the roots of the malaise, they continue to begrudge the decline in the housing prices as the bedrock of financial crunch.
After a decade of hefty profits, by summer 2012 Apple Inc. was sitting on $117 billion in cash, 23% of the entire company’s value. Yet despite no acquisition plans to justify the staggering figure, Apple long refused to return a single dollar back to its shareholders. By August intense pressure became intolerable, pushing … Continue Reading ››
Since its conception as an art form in 15th century Italy, ballet has grown to encompass a prominent sector of the performance industry, while acquiring a rapidly growing presence in popular media. The New York City Ballet, one of the most elite ballet companies in the world, hosts the annual Fall Gala that is … Continue Reading ››
Welcome back to my blog! This year, as in last, I will be covering economic debate on Capitol Hill.
Since all the pundits are now talking about ISIS, the radical Islamist group surging through Iraq and Syria (or Ebola), I wanted to share an interesting anti-interventionist argument based on Austrian Economics. John Tamny, writing in … Continue Reading ››