The music business is a microcosm of the world economy.
What if the music industry could be used as a guide to important principles in business and the economy? It would sure make introductory economics courses more fun. The idea is not as fanciful as it might sound: As Alan Krueger shows in “Rockonomics,” music is a microcosm of the wider business world and provides all sorts of insights into today’s economy. Read More
Public ownership and public borrowing are diminishing at U.S. companies. Research has unearthed some worrisome consequences of this trend.
Publicly listed companies have been disappearing, especially in the U.S., where the number of public firms has fallen to about 3,500 today from more than 7,500 in 1997. The trend is familiar, but there’s still plenty of disagreement over whether it’s a cause for concern. Read More
Government spending and tax cuts kept the financial crisis from getting worse. They also taught fiscal-policy lessons the U.S. might need soon.
t’s been a decade since Congress approved a huge emergency package of spending projects, payments to individuals and tax cuts to stimulate a U.S. economy staggered by the 2008 recession. We know now that it worked, limiting the damage caused by the downturn and vindicating the idea that government spending during periods of economic weakness saves jobs and speeds recovery. We also know that it could have worked better. Read More
Long-term evidence starting in the 1960s now shows that government support in childhood reduces the need for welfare in adulthood.
Congress is expected to vote this week on a new farm bill, which includes changes to the food stamp program. Lawmakers should take the time to read up on recent research about the program’s effects. Innovative research has demonstrated convincingly that young children whose families receive food stamps benefit later in life.