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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0answers
375 views

Is the optimal temperature for human productivity 13°C? [closed]

A recent study attempting to quantify some of the economic costs of a warming climate argues that the optimal temperature for human productivity seems to be 13°C. As the Washington Post reports: ...
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Is it true that the amount of debt is (always) equal to the amount of credit? [closed]

I recently noticed critics of our financial system state that the amount of debts is always equal to the amount of debts. Is this true? I have so far only found German-language sources for this claim, ...
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1answer
347 views

In literate countries, does more education lead to more economic growth?

In Matt Ridley's latest book he makes many challenges to widely accepted ideas. He challenges the widely held idea that more education is good. For example: Is there any evidence that it was ...
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1answer
284 views

Does government funded R&D promote economic growth?

In Matt Ridley's latest book he repeats a claim originally made by Terence Kealey (my highlighting): In 2003, the OECD published a paper on ‘sources of growth in OECD countries’ between 1971 and ...
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1answer
3k views

Is extreme poverty in the world getting worse?

In a recent Guardian article Jason Hickel argues that the west needs to de-develop in order to have any hope of meeting the UN goal of eradicating world poverty. He specifically says: Growth has ...
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1answer
3k views

Did the United States annual free tax credits paid to illegal immigrants quadruple to 4.2 billion in 2011?

In Donald Trump's Immigration Policy for the 2016 US Presidential Election campaign, he claims: The costs for the United States have been extraordinary: U.S. taxpayers have been asked to pick up ...
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1answer
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Is Donald Trump's ratio of bankruptcy to businesses consistent with the success rate of other entrepreneurs?

Closely related to this question: Did Donald Trump file for bankruptcy four times? Donald Trump has consistently claimed that filing for Chapter 11 bankruptcy is not unheard of and 'only' four ...
7
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1answer
496 views

Did Libyan brides get a USD 90000 dowry from the government?

This pro-Gaddafi source used in this answer makes the claim that, amongst other benefits Libyan citizens get from the Gaddafi government, Libyan brides get a 90000 USD dowry from the government: ...
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Can the world economic crisis affect Brazil that much as stated by our President? [closed]

So, as most of you probably know, Brazil is in a deep economic crisis. (I'm a brazilian, but I'm linking a outsource media for reference). One of the consequences of this crisis, is the Brazilian ...
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373 views

Was it common in the USSR for an enterprise to buy steel knives so to melt down them for steel?

This article claims it was common in the USSR if an enterprise needed steel, to buy say knives or other steel goods and melt them for steel. In general, control by the ruble was designed to ...
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288 views

Did only 9700 women reply to messages on AshleyMadison.com? [duplicate]

From Gizmodo.com: Yet another field, reply_mail_last_time, showed a similar disparity. This field contained the time when a member had last replied to a message from another person on Ashley ...
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1answer
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Is Snopes.Com funded by George Soros?

Snopes is sort of notorious for being a relatively "bias-free" fact-checking site. However, I notice that in certain conservative circles it is written off as funded by liberals, most notably the ...
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Do teachers make more per hour on a career basis than doctors?

This site, shared on facebook many times, as well as linked in many places, claims that, because of the immense amount of debt and training doctors must undergo, an American physician, when you divide ...
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1answer
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Does sealing electrical outlets reduce heating costs?

I stumbled upon this blog post which claims that installing foam gaskets and plugging your electrical outlets with plugs will reduce your heating costs by reducing air leakage. Is this true?
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Is America's prosperity the result of slavery? [closed]

It has been claimed (see below for example) that America's relatively high prosperity is the result of slavery, which enabled the development of American capitalism, by using slaves as, well, capital, ...
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567 views

Are beggars in the Nordic countries cities typically part of organised networks?

In Sweden and other Nordic countries, the presence of beggars on the streets is a relatively new phenomenon, with many beggars originating from new EU member states. There are frequent claims that ...
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3answers
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Has the Red Cross raised half a billion dollars for Haiti to build 6 houses?

According to this article the Red Cross raised half a billion dollars and yet only built six houses in Haiti while claiming to have housed 130,000 residents. In late 2011, the Red Cross launched a ...
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1answer
508 views

Can credit cards be cloned remotely with an RFID reader?

This news story from "13 Investigates" shows Walt Augustinowicz (an RFID expert, and seller of RFID proof pouches) who has a portable reader than picks up credit card details while they are still in ...
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Is about 50% of world population middle class? [closed]

According to this news more than 50% of people would be middle class: http://www.economist.com/node/13063298, the news is from 2009 so maybe now it would be around a 48% or the like considering there'...
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162 views

Does increasing the middle class result in lower birth rates? [closed]

I saw an article or two about the phenomenon of well off upper class families having large families. It claimed that his broke the trend of increased economic status resulting in smaller families that ...
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2answers
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Do Greeks evade taxes by not finishing their houses?

I've heard this claim several times: Q: Why are there so many unfinished houses in Greece? A: as long as the house is not finished, they don't have to pay building tax for it. So the leave it ...
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3answers
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Are there more open jobs than available developers?

A recent Stack Overflow blog post claims that: With nearly five open jobs for every available software developer, the need for qualified technical talent is higher than ever. I have seen this ...
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1answer
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Are male nurses salaries higher than female nurses salaries?

A recent article on USA Today claims that on male nurses make more than female nurses: even in an occupation that women overwhelmingly dominate, they [women] still earn less than men [...] The gender ...
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1answer
689 views

Is Singapore the most expensive city in the world?

According to this article, Singapore is now the most expensive city in the world Can that be true? I haven't been to Singapore for about 10 years but last time I was there, whilst it wasn't third ...
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265 views

Did a dust storm in Saudi Arabia cause it to "rain" money?

The report Video: Storm in Saudi Arabia (or Dubai) causes money to rain. Emirates 24|7 News, February 24, 2015 claims that a recent dust storm in Saudi Arabia contained, briefly, bank notes flying ...
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Has every U.S. presidential election been won by the campaign with the most money?

According to Russell Brand: Every election in American history has been won by the party with the most money to campaign. Let's assume that he means every presidential election. Has every ...
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893 views

Did Comcast attempt to coerce Netflix by slowing down its traffic?

In 2014, a news story erupted over a dispute between Netflix and Comcast over connectivity and distribution. Comcast was accused of deliberately blocking or restricting Netflix traffic. For example, ...
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1answer
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Does the UK government have only 300 staff investigating tax evasion of £70bn+ vs 3250 staff investigating benefits (welfare) fraud of £1.2bn?

The following graphic is doing the rounds on Facebook: Is it true? Does the graphic give an accurate representation of the comparative headcount/effort/resources that the UK government (as a whole) ...
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Is the city of Marinaleda a socialst utopia? [closed]

According to this article and many many others, the Spanish city of Marinaleda is a socialist utopia. The article claims that the mayor and city organizes raids against the local grocery stores to ...
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1answer
2k 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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1answer
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Did Einstein ever remark on compound interest?

In personal finance articles I frequently find quotes injected to attribute some further relevance to one's position. Over the years, I've read Einstein quoted as saying that 'compound interest was ...
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332 views

Is anti-whaling activism almost as big an industry as the whaling industry?

In the article Confronting Paul Watson and Sea Shepherd, Tetsuhiko Endo writes: In a March 2012 article in Nature, Christopher Costello and Steven Gaines from the University of California, point ...
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546 views

Is racial income inequality currently in US worse than it was in Apartheid South Africa

As reported here, (and here) white/black wealth inequality is worse now in the US than it was under Apartheid South Africa. The figures brought up during the segment are backed up, too. America's ...
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2answers
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Do high immigration levels lower quality of life standards?

In a UK panel show, Question Time, a politician says: However, if you have a country in which the population goes up as a direct result of immigration, what you find is not a shortage of green ...
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1answer
640 views

Is there any proof that blackle.com conserves energy? [duplicate]

There are claims that blackle.com conserves energy given that it is darker themed and produces less light. There is a counter under the search box that constantly increases. But in today's era of ...
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1answer
831 views

Did stone age people have an income of slightly below $2 a day? [closed]

In his 2014 book "War! What Is It Good For?", historian Ian Morris writes: Ten thousand years ago, there were only about six million people on earth. On average they lived about thirty years and ...
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2answers
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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
355 views

Is some better technology suppressed in favor of profits? [closed]

The Conspiracy in Question: I have heard from different sources (crazy people), that certain companies suppress better technology in favor of profits. For instance car tires and light-bulbs that last ...
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1k views

Are Jim Rogers, George Soros, Warren Buffet converting their stocks into cash holdings?

According to the article “Buffett's $55 Billion Gamble is a Bet on U.S. Collapse, Warns CIA Economist”, a number of billionaires have taken a cash position on their holdings at the expense of stocks. ...
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309 views

Are US businesses paying historically low proportions of income as wages?

In this story about non-compete clauses for low wage jobs, the New York Times reported, "American businesses are paying out a historically low proportion of their income in the form of wages and ...
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314 views

Is it estimated that nearly half of USA jobs be low wage service jobs by 2040?

According to yesmagazine.org's post A Wealthy Capitalist on Why Money Doesn't Trickle Down, By 2040, it is estimated that 48 percent of all American jobs will be low-wage service jobs. The claim ...
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1answer
4k views

Does rubbing a rejected coin against the ticket machine make it likelier to be accepted?

When a rapid transit ticket machine in Germany refuses to accept a coin, I've often seen the ticket-buyer scratch the same coin on the machine's metal surface before re-trying it. Some scratch with ...
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2answers
2k views

Is Social Security headed for insolvency?

I can drag up a bunch of different articles either claiming that the US Social Security system is or is not headed for insolvency. The most recent reference to the concept was in a PBS interview with ...
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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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1answer
592 views

Are 35% of Americans currently in collections?

An article from the Associated Press, STUDY: 35 PERCENT IN US FACING DEBT COLLECTORS, cites a study by the Urban Institute. The article states: The study found that 35.1 percent of people with ...
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1answer
1k views

Has a famine ever taken place in a functioning democracy?

Nobel winning economist, Amartya Sen has said: "No famine has ever taken place in the history of the world in a functioning democracy," he wrote in "Democracy as Freedom" (Anchor, 1999) Source:...
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3answers
12k views

Did a Soviet nail factory produce useless nails to improve metrics?

We've all heard the story, which sounds for all the world like a typical urban legend. It goes something like this: Once upon a time, there was a factory in the Soviet Union that made nails. ...
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1answer
9k views

Are there 24 empty houses "available" per homeless person in the USA?

I just saw this meme on Facebook: Since this question answered the ratio question, I would like to know if these houses are "available for" those homeless?
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304 views

Are these metrics regarding the 2009-2014 recession accurate?

In the Forbes article "The Worst Five Years Since the Great Depression", it is quoted: [...] what America got by year five was fewer jobs than before. Even though the employment age population has ...
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1answer
2k views

Are Fairtrade farmers paid worse than other farmers in the same regions?

There have been a few articles recently on the (in)efficiency of fair trade organisation Fairtrade. Here is an example from the Guardian: Sales of Fairtrade-certified products from Uganda and ...

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