Cull cow marketing is rarely an all-or-nothing decision. The nuances of each operation should be discussed when deciding to ...

This paper provides a theoretical model of how various aspects of the "buy local" movement influence social welfare and output across two regions. Market power considerations are also addressed where ...

Long Read: Economics has been dominated by Gross Domestic Product (GDP) as a measure of success. But ecological economics measures welfare and sustainability instead. As certain values grow in ...

Imagine that Albus Dumbledore, the headmaster of Hogwarts in the Harry Potter series, is dividing up a cake between archrivals Harry Potter and Draco Malfoy. His aim is to maximize the satisfaction of ...

I. Scitovszky's conclusions, 91.--II. Samuelson's criteria and the utility-possibility function, 92.--III. Increasing costs and a suitable tariff or quota, 93.--IV. Tariffs or quotas, free ...

Alden Abbott served as Deputy Director of Edwin Meese III Center for Legal and Judicial Studies at The Heritage Foundation. The U.S. government should promote regulatory reforms here and overseas ...

EVERY JANUARY a curious migration occurs. Thousands of economists from around the world flock to a big American city for the annual meetings of the American Economic Association (AEA). The pandemic ...

During his final State of the Union address, Ronald Reagan etched an epitaph onto the tombstone of welfare liberalism: “The federal government declared a war on poverty, and poverty won.” For decades, ...

Some House Republicans believe that Congress should cut Americans off government anti-poverty programs in part to help grow the national economy. “For us to achieve 3 percent GDP growth over the next ...

What ethical perspective should inform environmental policy making in areas such as climate change and biodiversity? Is an economic approach founded on utilitarianism ethically defensible? Aa Aa Aa ...

(Sanghnomics is a weekly column that tracks down and demystifies the economic world view of the Rashtriya Swayamsevak Sangh (RSS) and organisations inspired by its ideology.) ‘Antoyadaya’ has become a ...

The economy of the 2020s is a world away from the economy of the mid-20th century, when much of the standard toolkit economists still use was first developed. The formalization of economics in the ...