The financial liquidity crisis is in full swing around the world. It is no wonder that experts and novices alike seek ways and means to prevent a future recurrence. Many different solutions are enacted and proposed. All of them center on wealth and money or votes.

Questions regarding the reemerging push for a return to [...]

Will companies that issued derivatives based on bundled student loans be the next financial dominos that will require a government “bailout”? The country’s long dedication to education makes it a virtual certainty.
The emphasis of the role of government in education predates the establishment of the United States as a country. As early as 1642, a [...]

At a most appropriate time, Sukrit asks:

What is the difference between the Austrian business cycle theory and monetarism, and which one do you think is a more accurate description of how the economy works?

The first part is fairly easily explained, since much material is written on both. The second part is much more difficult [...]

Several questions during the last few days pointed out the obvious: lost in the media coverage of the American financial crisis and the tail end of the presidential election seems to be the fact that there really is news beyond Wall Street and Main Street.
I could not agree more.
For example, how much attention has been [...]

Based on a  September 18 Times (UK) report regarding the meeting of Middle Eastern finance ministers, the question was asked about the veracity of a plan for a single currency for the Middle East based on oil.
The answer is both true and false and maybe.
Yes, the immediate goal of the meeting last week was to [...]

Cristian Mitreanu submits this question via email:
I would like to hear your thoughts on the subject of “economic thought vs. business thought.” Is there such thing? If yes, should this distinction be made?
He raises the question in concert with an initiative he is proposing, intended to start a discussion about the current state of business, [...]

It would be (or maybe is?) an interesting and informative exercise to poll existing undergraduate economic students whether they consider themselves “Homo economicus.”
A second part of the study could be completed with graduate students, about to embark with a plethora of knowledge of economics, ready to face the “real world” of jobs in the workplace.
What [...]

This week, Chris poses this question:
Is there a dominant economic worldview in the Western society? If so, what is it? If not, what worldviews are the most popular/employed?
With the Democrat and Republican conventions upon us, no doubt we will be hearing more than we want about a “time for change.” Although the words may be [...]

The Internet, television, and magazines or newspapers are full of features concerning economics. So is Amateur Economists. The gamut runs from economic philosophy to politics to econometrics and more.
Readers have many questions. Undoubtedly, you will too.
I’ve always subscribed to the maxim that the only stupid question is the one you didn’t ask.
Here’s [...]

Since food, together with air and water, is one of the three basic items which all living things require without question, it is an ideal subject for economic discussion. Unfortunately, it is also almost ideal for normative economic judgments. “We should” or “they should” abound from intellectual forums to universities to television shows, often without [...]