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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1answer
276 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In Matt Ridley's latest book he repeats a claim originally made by Terence Kealey (my highlighting): In 2003, the OECD published a paper on ‘sources of growth in OECD countries’ between 1971 and ...
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2answers
193 views

Are there no rules mandating disclosure of conflicts of interest for academic economists?

The documentary movie Inside Job is a polemical attack on and analysis of the policies and people who contributed to the 2008 financial crisis. It doesn't pretend to be a balanced view. Some of the ...
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265 views

Do women in all-women shops earn less then men in all-men shops? [closed]

Many women & men raise issues of equal pay for equal work, but a recent analysis of Uber Drivers showed that women earned less because of working less or driving slowly; Uber Payment system did ...
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287 views

Even the healthiest of elders show profoundly compromised decision making?

That's the indomitable conclusion quoted from the summary of a 2013 PNAS paper. In a bit more detail: We identified several important age-related patterns in decision making under uncertainty: ...
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0answers
258 views

Is it true that besides Volkswagen, many other car companies also similarly cheated in the emission test but faced limited consequences?

The Volkswagen emission cheating is well-known at this stage. However, I heard some people say that many other car manufacturers have actually been performing similar cheating in emission tests. Last ...
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0answers
779 views

Is bitcoin a pyramid scheme? [closed]

According to the Fortune Magazine article This Billionaire Just Called Bitcoin a 'Pyramid Scheme', Howard Marks said: In my view, digital currencies are nothing but an unfounded fad (or perhaps ...
2
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0answers
170 views

Is publicly-funded housing more likely to be in areas of large US cities with lower elevation? [closed]

In large US cities, is there any correlation between elevation and property value? Specifically, does publicly-funded housing tend to be built in areas with lower elevation than higher-priced housing? ...
2
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0answers
355 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 ...
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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 ...
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0answers
244 views

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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300 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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150 views

Is cash value or whole life insurance a bad investment? [closed]

This claim is frequently made by Dave Ramsey, who is a radio host with a very big audience, so it is notable. It is also featured in his website - http://www.daveramsey.com/article/the-truth-about-...
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116 views

Is the US economic downturn slowing scientific research?

Nature magazine claims: The financial crisis of the past few years has led to deep cuts in funding for scientific research by governments and charitable organizations, hiring freezes across ...
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2answers
757 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
1k views

Did Americans coin the phrase “to make money”?

This claim comes from a work of fiction but it is often repeated as true by fiscally conservative individuals who respect the author. In Ayn Rand's Atlas Shrugged, a character named Francisco gives a ...
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2answers
449 views

Does Congress appropriate 300 billion annually to agencies which cannot legally receive appropriations?

According to the article Inappropriate Appropriations in The Weekly Standard: Congress spent $310 billion last year on some 250 agencies and programs that were no longer — as required under the law ...
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2answers
255 views

Is Moore's law just a special case of an experience curve? [closed]

I recently stumbled upon the notion of an experience curve: http://en.wikipedia.org/wiki/Experience_curve_effects#The_experience_curve . It basically says, that plotting the cost per item over the ...
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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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2answers
638 views

Do women earn less than men for the same exact work? [duplicate]

Previous questions on the site such as this one and this one, as well as the answers and their sources address the gender pay gap on a broad scale, comparing the careers of all men to the careers of ...
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1answer
448 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,...
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1answer
445 views

Quasi-consensus among economists that neither trade deficits nor surpluses are necessarily 'good' or 'bad' for an economy?

The BBC has a story that says: Economists generally agree that neither trade deficits nor surpluses are necessarily 'good' or 'bad' for an economy. Is there some way to verify there's a level of ...
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609 views

Is 95% of what you read in the financial press “either wrong or irrelevant?” [closed]

From a Cato Institute article by Steve Hanke1 (emphasis added): Most press reports about Zimbabwe’s fantastic hyperinflation are off the mark – way off the mark. Even our most trusted news sources ...
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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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225 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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29 views

Can pre-2009 BLC U2 data be compared to Post-2009 U2 data [closed]

Were there any changes made to sets of those included/excluded in the Bureau of Labor Statistics U2 Unemployment calculations in 2009?
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317 views

Does government spending on healthcare promote economic growth?

As governments attempt to get their finances back into balance, many have cut back on a wide range of spending commitments. Some governments such as the UK have chosen to protect spending on ...
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1answer
433 views

Is the US debt between 15 and 20 trillion dollars?

www.treasurydirect.gov puts the debt at around $17.3 trillion (this will change, so I'm not putting an exact amount). A related quote from Wikipedia On December 12, 2013, debt held by the public ...
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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 ...
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2answers
477 views

x percent of people own y percent of the wealth

It is very common in infographics such as the following: to make a point about wealth inequality by showing a disproportionate amount of money owned by the richest people. I am slightly skeptical ...
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1answer
339 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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1answer
219 views

Can MSG be made from petroleum [closed]

Once again a famous article on how bad is Nutella was shared to me. Thankfully, from Skeptics we can disminish the main argument of the claim which rely on the fact that MSG is bad (but as shown here, ...
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1answer
405 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
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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2answers
608 views

Could Eurostar have implemented a Wifi network on their train for £600 (GBP)?

I'm watching this video by Rory Suterland in which he claims at 6:15 that Eurostar could have implemented a WiFi network for £600, but instead choose to spend £6,000,000 decreasing the journey time by ...
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2answers
612 views

Do some Jewish American charity organizations fund the Israeli military?

This was claimed by multiple sources, as an example Is it not striking that the US grants charity status to organizations whose sole mission is to support the army of another country? Are there ...
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1answer
397 views

Did China choose to finance the US after the 2008 crisis?

In today's edition of Le Monde there is an article about the increasing quantity of money in the world, and the problems or benefits that this might yield. In the introduction to the article the ...
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1answer
537 views

Is Wazzub a legitimate business opportunity?

Wazzub is a yet to be launched (at time of writing) web homepage, with advertising. In order to recruit new members, they are offering a MLM-style payout to early adopters who recruit other users. ...
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1answer
394 views

Is Collectivism the cause of the 10 worst famines of the 20th century?

David Harsanyi, in this twitter post and accompanying article, makes this claim: The 10 worst famines of the 20th century weren’t caused by the excesses of capitalism or by environmental disasters ...