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Questions tagged [economy]

Questions relating to the politics of economic theory or economic policy of any country or the international community. General economic questions can be asked on Economics.SE https://economics.stackexchange.com/

2
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0answers
34 views

Do any countries besides the UK have a “triple lock” on pensions?

The Economist wrote before the 2017 UK general election: The average incomes of retired households are now higher than those of working ones, once housing costs are accounted for. Small wonder that ...
3
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1answer
205 views

Trump's pre-election claims. How many are in progress? [closed]

Trump's pre-election company was bright. There were big pre-election claims: breaking disadvantageous deals wall on Mexican border removing 'Obamacare' moving embassy to Jerusalem new workplaces for ...
93
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11answers
29k views

Why is globalisation so disdained?

From what I can tell via the definition of the word on Google, globalisation seems like a fairly reasonable course of action. Trade makes everyone better off in the long run, and it isn't as if we ...
10
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3answers
286 views

What are the main reasons for the massive increase in CEO pay inequality over the last thirty years?

Using Switzerland as a paradigmatic case, the ratio of CEO pay to the worker with lowest pay increased from 6x in 1984 to 43 x in 2011 (source: The Guardian). What specific policy or policies have ...
7
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3answers
2k views

Why did Roosevelt decide to implement a maximum wage through taxation rather than a simple ceiling?

In 1942, FDR asked Congress to implement a 100% tax on all incomes over $25,000 (around $375,000 today). This was backed by the unions and a clear majority of the voting public. In fact, such a tax ...
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0answers
98 views

Why was Switzerland’s maximum wage proposal defeated? [on hold]

In Switzerland, CEO pay leapt from 6x lowest pay in 1984 to 43x in 2011. Hence Switzerland’s young Socialists held a referendum in 2013 to cap executive pay at 12x the lowest which failed at around ...
2
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3answers
186 views

How to interpret 'economic zones'?

This was an exam question conducted in Feb 2019: write an Essay on "New war fronts lie in economic zones." Since the question seemed to be open ended, to me at least, I would like to know what ...
10
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4answers
569 views

Why do many countries not offer a fixed rate 30 year mortgage?

I recently moved from the US to the UK and was bewildered by the myriad subtle and not so subtle differences in mortgage products offered by banks. It struck me that the variety of federal ...
4
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0answers
92 views

Is there a study that measures the effectiveness of lotteries in increasing VAT revenue?

Quite recently, several countries began using (VAT) lotteries to offer an incentive for people to request a receipt when purchasing goods and services. These countries include Malta, Poland, Slovakia, ...
2
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7answers
10k views

Why are 150k or 200k jobs considered good when there are 300k+ births a month?

It would seem that most people who are born will eventually enter the workforce. Maybe that entry is delayed due to college or enlistment or that very important backpacking trip through Europe, but it ...
81
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4answers
16k views

Is there any record of Trickle Down Economics improving the economy?

Since the senate passed the tax bill this month that's left me confused. I try to look at both sides of partisan politics rather than joining one team and hating everything about the other. Now to ...
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1answer
217 views

Why don't people who are upset about economic inequality donate to the poor?

The middle-class American often moans about economic inequality, but there's another aspect to the same issue as well: yes, the middle-class American makes far less than Donald Trump or Bill Gates, ...
13
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8answers
8k views

Are worker cooperatives socialist, capitalist, or their own category?

This question inquires about private ownership vs. state ownership. However, there is a 3rd category that may or may not be considered as private ownership: Worker cooperatives. In the model of ...
11
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3answers
582 views

Why does France have systematic difficulties in obtaining a budget deficit below 3%?

According to this article France plans for a budget deficit slightly over the EU allowed limit of 3%: France's budget deficit is likely to overshoot the European Union's limit of 3 percent of GDP ...
11
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4answers
460 views

What is the motivation for a specifically $15 per hour minimum wage?

In the United States, various politicians and activists are advocating for a $15 per hour minimum wage. However, I'm not sure how this value was chosen. One reason given for increasing the minimum ...
13
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7answers
956 views

Do new jobs always contribute to the welfare of a country?

In Sweden, where I live, I often hear politicians argue that it's good when new work opportunities are created, mainly because these will generate tax income for the state that in turn can be used to ...
0
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1answer
88 views

How is innovation measured in private-public partnerships?

It is great that governments invest in innovation and research. Specifically in research done by private public partnerships, they do a lot of controlling to track budget, but how do they measure the ...
4
votes
1answer
266 views

Why do American farmers buy tractors from John Deere?

https://hardware.slashdot.org/story/19/03/27/1851206/elizabeth-warren-calls-for-a-national-right-to-repair-law-for-tractors?sbsrc=md Farmers operating John Deere tractors have been fighting against ...
8
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1answer
120 views

Who can decide a major restructuring of debt in European Union?

Looking at the evolution of Greece government debt/GDP one can see that it is still at a very high level. (however, the forecast indicates a positive trend). According to Wikipedia's article on the ...
21
votes
3answers
6k views

Did Germany profit from the (third) Greek bailout?

From an article published in June 2018 on thelocal.de: Berlin has been one of the main lenders to Greece during its debt crisis. While conservative parties warned that supporting Greece would come ...
1
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0answers
64 views

How did Roger Douglas convince the labour party to carry a liberal economic reform?

Roger Douglas the Minister of Finance of New Zealand from 1984-1988 made a huge liberal economic reform in his era (reducing the size of the state) it was so famous it was called "Rogernomics", but he ...
0
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2answers
82 views

Universal basic facilities [duplicate]

I was reading a question about universal basic income and it seemed to me that there are basic flaws that are seldom or never mentioned. First, some people are not capable of managing money, second, ...
5
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7answers
1k views

Why do politicians care so much about economic growth? Or: Why did the US need a tax reform?

In the US, economic growth does not seem so hard to achieve. If you look at the GDP of the United States, it seems to just grow and grow. Even the multiple crises along the way have only had minor ...
9
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1answer
165 views

Land reform in Guatemala

Recently, after attending to a conference with some Guatemalan politicians, I began to take interest in this country's socio-economical issues, in particular with regard to land. I that in the 1950s ...
6
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3answers
257 views

What does “breaking up” a company mean?

Oversimplify it for me, what does "breaking up" a company mean when used commonly among politicians? What would a broken up wells fargo look like? Google? Is there historical legislation doing this, ...
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0answers
99 views

How feasible are the economic policies that Bernie Sanders proposes? [closed]

In particular, I am interested in the purported economic effects of Implementing universal health care Tuition Free higher education Any relevant studies with appropriately cited sources would be ...
4
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2answers
136 views

What type of political instruments can a government use in order to keep housing rental prices in check? [duplicate]

Background I live in Malta (expat), where the rental prices have exploded over the last 5-6 years due to a heavy influx of expats in finance and online gaming, that have higher disposable income and ...
-4
votes
5answers
593 views

Is there any statist policies that have been proven to benefit the economy? [closed]

Refraining from opinions as much as possible, is there any examples where the government intervening in the market that has been proven to have bettered the economy better than the free market could ...
19
votes
3answers
6k views

Does the US government have any planning in place to ensure there's no shortages of food, fuel, steel and other commodities?

Every time we go shopping store shelves are full of food, gas stations are stocked up on gas, car dealerships have no shortage of cars, etc. But who is ensuring that all of the complex processes ...
6
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10answers
434 views

Why do governments encourage saving resources instead of simply raising the price on them?

Every day we hear messages from the government about the importance of saving fuel, natural gas, water, electricity, etc. Governments pass laws requiring that showers are not too powerful, cars ...
96
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26answers
34k views

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

We keep hearing a lot about economic growth in the media and this answer shows us why it is so important: Therefore, we have three options: A constant increase in unemployment. (Generally ...
1
vote
0answers
68 views

What happened to the Canadian-Japanese exchange rate in 2005-2008? [closed]

According to this picture (source), it looks like from roughly 2005-2008, the Canadian dollar was at or above par with the Japanese Yen, with the CAD reaching a local maximum against the JPY at ...
3
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4answers
263 views

In what ways economy influence slavery and end of it?

Most people think slavery is prohibited because it's "wrong". If that's true, we would have ended slavery thousands of years ago. It seems that industrialization makes labor more "precious". Each ...
28
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4answers
15k views

Who was the last US President to oversee a reduction in debt?

As of 2012, the United States currently has ~16 trillion in debt. The last five presidents have all added to the overall debt*. Who is the last US president to decrease the total amount of debt ...
2
votes
3answers
268 views

What exactly is “Human Capitalism” and does it conflict with the function of capitalism?

Recently Andrew Yang has announced his run for the 2020 Presidential election. He calls himself a "human capitalist" Now, I like his ideas generally - but I do not understand what exactly "human ...
7
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1answer
175 views

Why would a company invest in American infrastructure based on one administration?

Right now, we have an administration that is considered to be business friendly. I would prefer that this part not go debated, because it isn’t the focus of the question. Let’s say any administration ...
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1answer
123 views

How will brexit affect the British export and import? [closed]

Will there be any positive consequences that are expected from Brexit or is it mainly expected to be bad for the British trade?
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0answers
79 views

How will the UK's economy be affected, depending on if it will be a hard or soft Brexit? [closed]

Will the outcome of Brexit have any positive impact on the UK market? Are there any available studies on this topic?
2
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1answer
74 views

How is the individual person affected by economic changes as a result of Brexit? [closed]

I have a few questions regarding the following topic: How is the individual person affected by economic changes as a result of Brexit? How are people in the age between 25 and 35 predicted to be ...
14
votes
5answers
8k views

Is Venezuela an example of socialism?

I've been hearing a lot about Venezuela in the news lately. And it seems there is a big debate over whether it was socialism or not, or whether it was implemented properly. Is it safe to assume that ...
3
votes
1answer
321 views

How much money did the United States spend on the Iraq war, and how much money did US oil companies gain as a result of the new Iraqi constitution?

This is just a cost benefit analysis, any discussion about US motivations in engaging in the Iraq war I would consider out of scope. Iraq nationalized oil production in 1972 (source). Following the ...
2
votes
1answer
370 views

What does inequality look like when measured in man-hours employed?

There are numerous measures of inequality in income and wealth, like the Gini coefficient for instance. But I'm wondering about a different measure: the amount of labor, measured in man-hours, that ...
2
votes
1answer
154 views

What “certain conditions” are applicable on Henry George Theorem?

The Henry George theorem, named for 19th century U.S. political economist and activist Henry George, states that under certain conditions, aggregate spending by government on public goods will ...
5
votes
5answers
374 views

What steps can be taken to combat unfunded state and federal pension liabilities in the U.S.?

It's the growing problem that no politicians want to talk about: unfunded pension liabilities. Business Insider ran an article last year which focused on the many upcoming challenges facing U.S. ...
3
votes
1answer
148 views

Regarding the Economically Weaker Section ( EWS ) 10% quota approved by the Indian Parliament

I am reading an article in a leading newspaper of India, in which the author says: As per the India Human Development Index ( IHDS ), the annual household incomes of 98% of households are less than ...
59
votes
17answers
21k views

Why would the government force its population to save for retirement?

Here in Denmark we pretty much have "forced" retirement saving. Almost everybody in regular employment pays about $15 a month plus 12% of their monthly salary into a pension fund. [1] You can save ...
5
votes
3answers
327 views

How did Poland and Hungary manage to take over (nationalize) mandatory private pensions without breaking private property right?

Mandatory private pensions are still in focus in Romania after the Government thought about suspending contributions to them: The Government may suspend the contributions to mandatory private ...
10
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5answers
2k views

Has high taxation of the rich been sustainable as an economic policy?

One of the backbone philosophies of the recent Labour party campaign was higher taxation of high earners (those earning above £80'000 per year to be precise). Has very high taxation of high earners ...
0
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1answer
184 views

What fiscal backbone is there for employees who are now on “leave without pay” due to government shutdown?

Well considering a shutdown takes quite some time, it means there are lots of people with various skillsets who are literary thumbling thumbs. Just to wait till they can get their job back. Since not ...
5
votes
1answer
234 views

What were the positive and negative effects of the French ISF?

The Impôt de Solidarité sur la Fortune (ISF, or wealth solidarity tax), is easily the most controversial part of French tax policy, and its removal by Emmanuel Macron was probably the most ...