Political Economy

Social Distancing: A Game of Two Locales

A basic game theoretic model is developed to explain the challenge of implementing social distancing across locales.

The Continuing Rise of China

The coronavirus pandemic, while having taken its toll on China, also creates huge opportunities for China's continued global ascent.

National Emergency Declared in the US over COVID-19

A National Emergency is declared by President Trump and the markets react very positively to this. We explain the reason for this optimism.

Trump Tariffs: A Test of Trade Theory

President Trump's tariffs put economic trade models to the test, I argue that they should still come out unfazed. But what do they predict?

The FED: Pandering or Independent?

All eyes are on the FED and they expect an interest rate cut. Is an interest rate cut however necessary? Probably not.

BREXIT in a Nutshell

A no-deal Brexit looms as Boris Johnson takes hold of the reins of the UK government. But what is Brexit all about?

The Debt Ceiling: A Symbolic Absurdity

Having a debt ceiling is a distraction from the real issue of reining in the deficit and slowing the growth of the federal debt.

The Minimum Wage Debacle

Does an increase in the minimum wage lead to job losses or job increases? We turn from inconclusive empirics to methodical thinking.

Waxing Theoretical: Social Capital and Markets

In principles level coverage in economics, we typically identify land, labor, capital and entrepreneurship as the productive resources an...

How Bodes the US Economy?

Stock markets seem to have somewhat stabilized from the huge volatility that rocked the economy late last year. The government shutdown...