The White House is defending the overly optimistic economic models it used to justify the historic stimulus plan.
Thoughtless adherence to economic theories can be as dangerous as blind obedience to political ideology, the head of the Church of the England said Monday, drawing parallels with Nazi Germany.
Stocks are down, down, down. But student interest in economics appears to be trending upward.
President-elect Barack Obama is an invisible force as foreign leaders and Congress convene separately in Washington, the economy at center stage.
Democrat Barack Obama and Republican John McCain recently unveiled new proposals to their economic plans. Here's a look at the presidential candidates' additions to their economic proposals:
Recent winners of the Nobel Memorial Prize in Economic Sciences, and their research, according to the Nobel Foundation:
Paul Krugman, whose relentless criticism of the Bush administration includes opposition to the $700 billion financial bailout, won the Nobel prize in economics Monday for his work on international trade patterns.
Alaska Gov. Sarah Palin, the Republican nominee for vice president, bills herself as a fiscal conservative. But her record looks little like the classic conservative who favors less government and lower taxes.
Several leading women in the business community, addressing the GOP presidential convention Wednesday, said John McCain's plan for lower taxes, less government and a push to reduce America's dependence on foreign oil will do more to help revive the struggling economy than the Democratic agenda.
Kids may be worried about homework, teachers and that pesky bully this school year. But parents? They're leery about lunches.
Mushers wanting to run the world's best-known sled dog race will have to pay a lot more for a shot at a smaller guaranteed purse.
Dairy farmers stand to lose income if the government honors congressional demands for a total ban on downer cattle after a California slaughterhouse failed to keep them out of the food supply.
A look at Ohio's demographics and how its numbers compare with those of the United States:
A look at Texas' demographics and how its numbers compare with those of the United States:
Barack Obama listened intently Wednesday as 65-year-old Sandra Burt poured out her troubles, a recent retiree and her husband without the money to cover a $2,900 monthly drug bill or even a full load of kerosene for heat.
Americans Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson won the Nobel economics prize Monday for developing a theory that helps explain how sellers and buyers can maximize their gains from a transaction.
Americans Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson won the Nobel prize in economics on Monday for developing a theory that helps explain situations in which markets work and others in which they don't.
Efforts to save up for a first car or stretch an allowance might be helping high schoolers in at least one academic area.
It would be hard for Troy Johnston to have a better perch for the 2008 Democratic National Convention. His Brauns Bar and Grill is in the parking lot of the Pepsi Center, where thousands of convention delegates will gather — perfect, he figures, for selling burgers and steaks.
American Edmund S. Phelps won the 2006 Nobel Memorial Prize in Economic Sciences on Monday for explaining the relationship between inflation and unemployment, work that has had a profound impact on macroeconomic policy.
You can feel it in the air; Americans want a new bull and a new bubble to spice up the economy, and the government is cooperating. As usual, we'll pay for it later...
An American company sells turnkey solar-power manufacturing plants; it has sold twelve -- none in the US.
One of the most sweeping proposals has so far stoked relatively little debate: a requirement that nearly all Americans carry health insurance, much like drivers are required to have car insurance.
This is a unique and interesting perspective I just found on the ATR.org home-page blog.
Matt Latimer worked as one of Dubya's speechwriters during the president's final twenty-two months in office. He was there to help sell the surge to a skeptical public. He was there as we pretended that the fundamentals of the economy were strong.
As most of the participants in our "Inflation Returns!" forum (page 22) agree, the reappearance of inflation is not an if; it's a when.
Last Thursday, the House Energy and Commerce Committee finally held a hearing on the highly controversial Consumer Product Safety Improvement Act, the children's-product-safety law that took effect on Feb. 10.
This is pretty typical of Sarko. He's doing the right thing... but not for the right reason. He should be doing this because it is a better way of measuring "progress", but he's actually doing it becasue it will make the country's numbers look better.
"you can find sympathy in the dictionary between shirt and shinola."
Surging price of oil, up to summer of 2008, gave Iraqi government increasing resources to buy loyalty. Sunni insurgents realized they will lose in a protracted struggle and decided to exchange the weapon of Al Qaeda for American money and protection
Independent analysis indicates — contrary to Obama's claim — that the House health bill could well result in coverage being extended to illegal immigrants.
Immigration is changing Europe and not for the better, says US author Christopher Caldwell. "You can't argue that immigration is necessary on economic grounds and then not look at the economic effects."
OK, so the leader of the Masters-of-the-Universe recognizes all the stuff that we plebeians have been saying since before the house of cards came tumbling... Now what do we do about it?
Obama is well served to use a doomed currency to position strategic industrial sectors to receive foreign investment once US defaults on its debt. He must do so before reactionary political opposition can reorganize.
1970s-1990s transfer from industrial to financial capitalism created an economic system that is increasingly incapable of meeting demands of all segments of the population.
U.S. taxpayers are unlikely to recover their $81 billion investment in General Motors Co. and Chrysler Group LLC and were "left in the dark" on specifics of a decision to aid automakers, a congressional panel said.
During Bill Clinton's first term, government housing policy changed substantially.
The prospect of recovering the government's assistance to GM and Chrysler is heavily dependent on shares of the two companies rising to unprecedented levels, the report said. The government owns 10 percent of Chrysler and 61 percent of GM.
However, the saddest shortcoming of this administration is its utter failure to pursue a more peaceful foreign policy. Just last week up to 90 people, apparently mostly civilians, were killed in Afghanistan in an airstrike, and the violence is only getting worse.
John Kay is very good at explaining. Here's his take on ultra-short-term trading. It's deadly.
The dominance of Keynesianism ended in the 1970s. Government spending and deficits ballooned, but the result was higher inflation, not lower unemployment. These events, and the rise in monetarism led by Milton Friedman, ended the belief in an unemployment-inflation trade-off.
Keynes was a left wing wall flower and a member of the deranged Bloomsbury group of inter-World War British pacifists.
The one constant was Keynes' faith in the elite. He generally believed that almost any problem could be solved by getting together young men who had been schooled at Cambridge and asking them to take over.
Key data by conservative "think tanks" hides a call for increased government involvement in plain sight. Increased percent of budget funded by richest 1% shows growth of their power
Decline of USA can be traced back to after the peak of industrial capitalism in early 1970s. After that, declining resources allowed socially damaging irreparable inequality to develop as well as for population to internalize state slogans as truth