Everyday Economics - Suggest a New Topic

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  1. 1 vote
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    Great question! I’d start with this section in Principles of Macro:

    https://mru.org/courses/principles-economics-macroeconomics/gdp-per-capita-purchasing-power-parity-example

    Then if you want to go deeper, I’d suggest diving into development economics. We have a our course here:
    https://mru.org/courses/development-economics

    There are also a lot of good books on the subject. You’ll see some of the featured at the beginning of the puzzle of growth video in Macro.

  2. The problem of brain drain. Is it actually a problem or is it beneficial ?

    Most often, we hear that brain drain is causing some serious damage to the accumulation of human capital for the developing economies. Every accomplished person leaves his homeland to get higher returns from abroad leaving vaccum for a learned and precious human resource.

    1 vote
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  3. In Jaipur Escorts enjoy our best services in Monsoon

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    1 vote
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  4. 1 vote
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  5. 1 vote
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  6. To what extent is Protectionism beneficial to local and global economies?

    There are a lot of arguments for and against (mainly against) protectionism, but on what scale is protectionism good or bad for different economies?

    16 votes
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  7. Richard Thaler

    Nudge and or Behavioral models vs. Rational models.
    Many of my students question or fight the basis of all standard economics.

    4 votes
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  8. Is income inequality in this country bad?

    If so, should government get involved in equalizing income?

    4 votes
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  9. Would we be better off with more "Open" immigration?

    Should the United states as a rule push for more closed borders where people cant come in to find work? Or, are we better off with an open system where by people can enter the country and find a job.

    324 votes
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  10. How do minimum wage laws help the least productive in our economy?

    This is a timely subject, in need of economic education.

    234 votes
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  11. Please explain the broken window fallacy and how it can be used to explain the hidden costs of price fixing, minimum wages, and inflation.

    I think it is a good idea to remind people to look beyond the impact of those immediately affected by a specific government policy. It is easy to see employment in an industry that is protected by tariffs. However, it is not easy to see how that impacts job creation in other industries, government revenues, wages, productivity, and standards of living (for instance).

    175 votes
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  12. How do intellectual property laws affect the economy?

    I've been reading a lot of news about copyright and patent laws with respect to technology. In what ways has intellectual property laws affected the economy and what are the possible pros and cons of proposed changes?

    73 votes
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  13. Should labor be allowed to move across international borders just as freely as capital does?

    Would we all enjoy relatively more or less prosperity if labor (workers) were allowed to move freely across international borders just like capital does?

    54 votes
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  14. 34 votes
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  15. Why is so much USA business moving to Canada. Why is the Canadian dollar lower than the US dollar ,when in Canada we are indated by US bus.

    Tax the mega Corporation that do business in Canada. Lower taxes for Canadian made products .

    35 votes
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  16. How do we develop meaningful work for many people who are (or will be) un-, under-, temporarily, or miserably employed by technology?

    I have read that we will continue to lose jobs as the impact of technology broadens. Yet meaningful work is the way many of us define our lives.

    5 votes
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  17. Why does knowledge have increasing returns?

    Since you've started by talking about trade and the division of labor, a discussion of knowledge's effects on labor productivity would be relevant. For example, why does LeBron James play basketball better if there are other good players on his team? (Example stolen from Bill Easterly's explanation of complementarity and skill matching in Elusive Quest for Growth.)

    23 votes
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  18. Why is it so difficult to debate with socialists? Request everyday arguments like principles.

    I wanted some inputs from you on how to debate the socialists. What are those basic 7 or 8 or 10 or 13 points where they always go wrong. Something like principles which could be abstracted. For example they always go wrong in assuming that things can be planned which can be squashed by speaking to them of disasters, diseases which come unplanned. Of course they still argue that "govt can make allocation" but immediately they know (and they also know that their audience knows) that they have started treading on thin ice. One more thing for example which I…

    17 votes
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  19. What is the value of a common currency?

    Why does a common currency work in the United States but not in the European Union? I've heard that the difference between the strengths of the German and Greek economies (for instance) make the euro union fail, but don't US states also differ in the strength of their economies--why don't we see the same destructive effects of a common currency?

    20 votes
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  20. With specialization there is profit. So wouldn't it be beneficial to offer free collage?

    The more videos you watch the more they say specialization is key. So to specialize you need education. Would it not greatly benefit us all if we could have more people with special knowledge?

    1 vote
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