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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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35
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4answers
6k views

Can we grow enough crops to feed all people on Earth?

Vegetarianism is heavily promoted. But let's say all people on Earth stop eating animal products. Can we grow enough crops so all people on the Earth are provided with enough healthy, nutritious food? ...
4
votes
0answers
227 views

Did training Bell executives in humanities subjects lower their interest in working? [closed]

The story I heard happened in the 1950s-60s, at 50-60x at Bell Telephone in the USA Top management of the corporation noticed a majority of their managers were formerly engineers and often they don'...
1
vote
1answer
451 views

1 job to incinerate 10,000 tons of goods

In a CleanTechnica article taken from The Beam, it is stated that: As is often the case in developed markets, we only create one job for every 10,000 tons of goods produced Thanks to Oddthinking,...
2
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0answers
356 views

Do Women Make Up 85% of All Consumer Purchases? [duplicate]

This video seems to be the source of the claim but I can't find what statistics they use to back it up. These figures are duplicated at She-Conomy: Women account for 85% of all consumer ...
2
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0answers
303 views

Could the EU “take Britain to the Hague” over the “£50 Billion EU divorce bill” [closed]

I've seen several papers (express, telegraph) claiming that Britain will have to pay a £50 Billion 'fee' for leaving the EU. A further paper (Independent) has written (emphasis by me): “In that ...
65
votes
4answers
12k views

Do airlines in North America make around $10 profit per customer?

A quick google search returns several articles such as this one claiming that airlines make less than $10 in profit from each customer. I feel there are a few reasons to doubt this premise: You can ...
9
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0answers
1k views

Do candles create more carbon dioxide than light bulbs?

During the annual ritual of Earth Hour: ...around one billion people are expected to switch off their lights for one hour as a political statement against climate change and fossil fuels, and in ...
53
votes
2answers
6k views

Does recycling create more pollution than it prevents?

My city, like many, has a recycling program, which I believe is supposed to reduce pollution and create some positive economic activity. But I've heard many people argue that recycling programs are a ...
8
votes
1answer
787 views

Were there 600 millionaires in Gaza in 2014?

In 2014, The Algemeiner reported: Pan-Arab London based paper, Asharq al Awsat, which is considered a reliable media outlet, recently ran a story saying there are 600 millionaires in Gaza. The ...
35
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5answers
4k views

Is peak oil still set for 2013?

There have been various dates that I've read about the prediction of peak oil, when global petroleum production will stop growing theoretically. Some claim 2020s; others say the 2050s as the final ...
10
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1answer
773 views

Do the motors of washers last only 1/3 to 1/4 as long as they used to?

Ryan Finlay writes in They Used To Last 50 Years: Let me start with an example: for top loading washers and dryers two of the most expensive parts on the machines are the timer and motor. For ...
38
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4answers
8k views

Is this “fall of industrial production” graph accurate?

A candidate to the French presidency tweeted The fall in industrial production in Spain, Italy and France of course has a link with the euro. However I have a couple of doubts on its ...
6
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1answer
594 views

Is Sesame Street at risk of losing funding with Trump's new budget proposal?

Trump's latest budget proposal includes cuts to the Corporation for Public Broadcasting. There have been claims that this would endanger funding to Sesame Street. However, Sesame Street moved off of ...
6
votes
1answer
500 views

Did the shuttle cost more per launch than a Saturn V (after inflation)? [closed]

I got this one from some political debate; unfortunately no reference to it. I know the shuttle was a boondoggle; but I find it hard to believe it was really that outrageous. On the other hand, the ...
0
votes
2answers
449 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 ...
3
votes
2answers
773 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 ...
6
votes
1answer
539 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 ...
15
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2answers
10k 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 ...
5
votes
1answer
630 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 ...
2
votes
0answers
170 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 ...
17
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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 ...
4
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0answers
289 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 ...
12
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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 ...
147
votes
6answers
26k views

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 ...
10
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1answer
524 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 ...
146
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1answer
21k views

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 ...
6
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0answers
147 views

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,...
15
votes
1answer
821 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 ...
15
votes
1answer
974 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 ...
3
votes
2answers
356 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 ...
64
votes
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 ...
1
vote
1answer
669 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 ...
8
votes
1answer
677 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,...
7
votes
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 ...
22
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2answers
3k views

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 ...
34
votes
2answers
8k views

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 ...
3
votes
2answers
917 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. ...
40
votes
3answers
11k 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 ...
3
votes
1answer
699 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 ...
57
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3answers
14k views

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. ...
1
vote
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 ...
7
votes
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://...
11
votes
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 ...
1
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0answers
226 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?
3
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0answers
669 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 ...
3
votes
1answer
831 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 ...
12
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0answers
570 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 ...
11
votes
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 ...
19
votes
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 ...
6
votes
1answer
575 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....