Questions tagged [economics]

Economics is the analytical study of the costs and benefits of producing, distributing, and consuming goods and services. This tag should not be used for personal finance questions, nor for most questions about expensive items, e.g. exorbitantly priced houses, autos, jewelry. It can be used for current events, and in historical contexts.

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2answers
446 views

Do long working hours in Spain affect birth rate?

According to "Spain appoints 'minister for sex' to reverse nation's plummeting birth rate": Experts say long working hours and a culture of eating late at night and going to bed after midnight are ...
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2answers
770 views

What if everyone in a city flushed their toilets at once?

"The applied theory of price", by Donald N McCloskey claims: If all people flushed their toilets at once, the city water mains would burst. How much damage (if at all) will a drainage system in a ...
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750 views

Did Henry Ford say, “Jews control the business…”?

A search for the quote returns results from many websites It claims that Henry ford said, "Jews have always controlled the business... The motion picture influence of the United States and Canada....
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1answer
534 views

Did Robert Putnam find that diversity has “incredibly negative consequences”?

According to a comment on this 9gag post about Canadian Prime Minister Justin Trudeau welcoming immigrants: queen_boxxy 1042 points · 28 Jan 2017 diversity has in fact incredibly negative ...
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2answers
9k views

Is the value of a tree $193,250?

There is a sign, at the Eden Nature Park & Resort in City of Davao, Philippines, that says this: Of concern to all! A tree is worth $193,250 According to Professor T.M.Das of the ...
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1answer
627 views

Does Germany use the Euro to exploit the US and the EU? [closed]

Trump's advisor Peter Navarro claims that Germany exploits the US and the EU by maintaining the Euro at an all time low. The Guardian for example says: Germany “continues to exploit other ...
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0answers
168 views

Is the ageing population a major cause of higher healthcare costs?

Healthcare is getting more expensive in most western countries. It is widely assumed that one of the major factors behind this is the ageing of populations (baby boomers produced in the burst of high ...
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2answers
2k views

Do minimum wage laws disproportionately harm black employment?

There is a common claim that applying minimum wage laws impacts the poorer members of society, and thus impacts poorer minorities, such as blacks, more than others. Milton Friedman openly argued ...
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283 views

Evidence for and against (verbal-IQ-based) Smart Fraction Theory

Currently Smart Fraction Theory is subject of some discussion among the economists. The theory holds that the wealth of the country is heavily impacted by the fraction of the population that has IQ ...
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1answer
1k views

Do the world's eight richest people have as much wealth as the poorest 50%

The charity Oxfam recently launched a media campaign about global inequality with the startling statistic (this page on their website): ...inequality is rising: the combined wealth of the richest 1 ...
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Are people of Nordic Nations “happier, healthier” with “a higher standard of living overall than Americans”?

Ernest W. Adams wrote in the answer to the question "Why are people so negative about Nordic nations, especially Sweden?": There are a lot of right wing Americans who have been preaching for the ...
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1answer
523 views

Are reservations/Affirmative action programs successful at alleviating financial conditions/social standing?

Various countries have forms of reservations (Reservations In India, many employment and educational opportunities are "reserved" for persons of "disadvantaged" birth (i.e. low caste, backward classes ...
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Does United States throw wheat in the ocean to keep the prices high?

In Iran, there is a wide-spread belief that the USA throws extra wheat it produces into the ocean to keep the prices high. The official website for Iranian presidential office [Persian] quotes ...
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1answer
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Are there 96 million workers in the US who want a job and can't get one?

On Wednesday 11 Jan 2017, US President-elect Donald Trump claimed in a press conference that: There will be a major border tax on these companies that are leaving and getting away with murder. And ...
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Does paraskevidekatriaphobia (fear of Friday 13th) cause a decrease in commerce?

On the CBS FM radio this morning (101.1FM in NYC area), the host of the show mentioned offhand that "paraskevidekatriaphobia" (fear of Friday the 13th) causes a loss of $1 billion in commerce annually,...
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1answer
804 views

Does McDonald's periodic release of the McRib sandwich drive up market prices for pork trimmings?

According to an article based on an interview with University of Nebraska-Lincoln professor Roger Mandingo, the reason McDonalds' infamous McRib sandwich is only available periodically, and for ...
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1answer
961 views

Does immigration to the USA increase the unemployment rate?

Does immigration to the USA diminish the number of jobs available to US citizens? According to an NBC/Wall Street Journal poll: The poll also finds that 56 percent of American voters believe that ...
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2answers
355 views

Did US Consumer Confidence Index rise up to the highest level in more than 15 years in December 2016?

realDonaldTrump claimed in this tweet: The U.S. Consumer Confidence Index for December surged nearly four points to 113.7, THE HIGHEST LEVEL IN MORE THAN 15 YEARS! Thanks Donald! Did US Consumer ...
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4answers
8k views

How accurate are these nine charts of the economy under the Obama Administration?

I've seen the image below around and would like to know the accuracy of the charts. The original image I was sent was fairly low quality and a reverse image search lead to a bunch of right-leaning ...
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1answer
667 views

How much daylight does daylight-saving save? [duplicate]

Possible Duplicate: What are the scientifically established effects of Daylight Saving Time? If we did not have daylight-saving, then would the days still be longer in the summer? If not, then ...
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1answer
671 views

Does it take the average US worker in 2015 just 17 weeks of work a year to earn the average living standard of 1915?

In his TED talk "Why are there still so many jobs?", David Autor stated: The average worker in 2015 wanting to attain the average living standard in 1915 could do so by working just 17 weeks a year,...
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1answer
463 views

How much is the new Air Force One projected to cost?

President-Elect, Donald Trump recently tweeted that the cost of replacing Air Force One, the Presidents airliners would be 4 billion US dollars. This figure is reported as accurate elsewhere. Other ...
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Does banning abortion significantly increase or decrease the number of abortions?

According to the following article, the oft quoted result that abortion is higher in countries where it is legal is misleading: The obvious problem with The Lancet study is that many of the ...
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2answers
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Are 11.6% of world's billionaires Jews?

The Jewish people may account for less than 0.2% of the world's population, but among the 1,426 billionaires around the globe, 165 or 11.6% of them are Jews, and their joint wealth has reached the ...
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Are 550 people still losing their jobs at “Trump's” Carrier plant?

Donald Trump made saving the jobs at Carrier a big campaign rallying point. On December 06, 2016 New York Times reported from Chuck Jones, the president of United Steelworkers Local 1999, that 550 ...
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908 views

Did Apollo Moon landing program cost less than lipstick used by American women during same 11 years?

On a recent Dan Carlin's "Common Sense" podcast, James Burke claimed that Apollo program to land the man on the Moon cost less than what American women spent on lipstick in the same period of time. ...
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3answers
10k views

Was there no tax before 1913 in the United States?

This image claims that "Up until 1913 Americans kept all of their earnings". Up until 1913 Americans kept all of their earnings Despite this, America still had schools, roads, colleges, vast ...
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1answer
690 views

Did increase in minimum wage cause a decrease in crime in NYC?

I was recently reading about the pros and cons of increasing the minimum wage. This excerpt is from pro #15 at the bottom of this webpage: Researchers who studied crime rates and the minimum wage ...
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Did the UK slip to sixth largest world economy from fifth, less than 24 hours after the EU referendum vote?

Some news sources have reported that in the 24 hours after the UK's results on the EU referendum came through, the UK dropped from 5th largest economy in the world, to 6th, being overtaken by France. ...
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0answers
113 views

Do minimum wage laws disproportionally negatively affect African Americans and Hispanics? [duplicate]

I was listening to a podcast, and they said that an increase in minimum wage would disproportionally negatively affect African Americans and Hispanics in the US. The reason being is that when the ...
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1answer
1k views

Is there a wage gap between smokers and non-smokers?

I recently saw a PSA from the organization "truth" that claimed there was a wage gap between smokers and non-smokers (the idea being that you should stop smoking if you want more money). http://...
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1answer
1k views

Has the average Somalian's quality of life improved under anarchy?

Peter T. Leeson makes multiple claims about economic and public health improvements since the collapse of its government in his paper Better Off Stateless. This paper investigates the impact of ...
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224 views

Are the youngest siblings the most likely to become millionaires?

This facebook meme states: The youngest sibling of the family is the most likely to become a millionaire" Is this true?
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649 views

Did John Nash Jr. write equations on the windows of a Princeton library? [closed]

I know that the pen ceremony at the end of the film, A Beautiful Mind, to announce that he had won the Nobel Prize in economics was completely fiction. What about the scenes in the movie that showed ...
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1answer
829 views

Is tax wedge 80%-90% in most of western Europe vs 50% in US?

Wikipedia definition of tax wedge references a document, which makes following claim: Europe's comparatively high tax burden has created big marginal effects and tax wedges. For example a 2007 ...
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568 views

Does the meat industry cause 414 billion dollars in externalized costs?

About 34 minutes into the 2014 Documentary Cowspiracy, there is a statement by David Simon, the author of Meatonomics, about hidden costs of animal food production. I've added up the costs of ...
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2answers
2k views

Do Scandinavian-Americans have a higher standard of living than Scandinavians?

A Bloomberg article by the economist Tyler Cowen attributes the following claims to Debunking Utopia: Exposing the Myth of Nordic Socialism by Nima Sanandaji: Danish-Americans have a measured ...
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3answers
3k views

Can Microsoft's success be attributed to their abuse of a monopoly

Can the success of Microsoft be attributed to their abuse of their operating system monopolies of MS-DOS through the various versions of Windows (and other related monopolies such as the Internet ...
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1answer
573 views

Are one-third of human deaths from “poverty-related causes”?

I found a poster that makes some incredible claims, and I want to see how well they stand up to scrutiny. The citation is vague, and I wonder how accurately the claims represent the sources, if at all....
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Does nearly half the world's population live on less than $2 a day?

This UN page about 'Hunger', for example, says, Nearly half the world’s population, 2.8 billion people, survive on less than $2 a day. Quotes like this are shocking; but practically, I don't ...
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3answers
14k views

Does the AMA limit the number of doctors to increase current doctors' salaries?

A suggested reason why doctors get paid so much more in the US as opposed to other developed countries is that the American Medical Association (AMA) artificially limits the physician supply in order ...
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1answer
486 views

Is this graph of changes in real wages since the recession correct?

This chart has been doing the rounds lately. It seems to be based on a TUC (UK trade union) analysis of the 2016 OECD Employment Outlook publication (Figure 1.6). But that particular figure shows ...
4
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1answer
486 views

Are there 80,000 unoccupied residential properties in Melbourne, Australia?

There have been a number of claims that there are many unoccupied properties in Melbourne, Australia, and that this causes a meaningful difference in the price of rentals and purchase. For example, ...
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1answer
23k views

Did Germany produce so much renewable electricity on May 8th 2016 that their power prices went negative?

This picture has been floating around the internet On May 8th, 2016, Germany's solar, wind, hydro and biomass plants generated so much energy, power prices actually went negative. Is this true? I ...
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1answer
439 views

Has a carbon price lead to a 8.6 percent drop in electricity demand in Australia?

In a press release China’s pilot carbon trading market taps UNSW expertise (press release is by the UNSW, which is my employer) Minister Combet highlighted the benefits to date of Australia’s ...
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1answer
1k views

Are there members of Congress who have tried to seize 401k plans?

In February, the White House released its “Annual Report on the Middle Class” containing new regulations favored by Big Labor including a bailout of critically underfunded union pension plans ...
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Can 3D ocean farms provide food and biofuel far more sustainably than other sources?

This article in The Nation contains an excerpt from “Ecological Redemption: Ocean Farming in the Era of Climate Change,” a lecture by Bren Smith given at the Thirty-Fifth Annual E. F. Schumacher ...
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188 views

Is austerity effective at boosting an economy's growth or reducing a country's debt? [closed]

Some governments currently have austerity policies, which involves large cuts in public spending. The claim made is that this is necessary to reduce the country's deficit, and boost the growth of the ...
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6k views

Is Sweden's economy deteriorating fast?

I am rather surprised to read this article: Sweden to become a Third World Country by 2030, according to UN In 2010 Sweden had the 15th place in the HDI rankings but according to UN forecasts, ...
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1answer
282 views

Could candy crush in-app purchases gross revenue keep over a million children fed in africa? [closed]

Discussing the mobile app in-app-purchase model, candy crush came up, and someone said the gross revenue of that app family alone could keep over one million children fed in africa. Some googling ...