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Questions tagged [economy]

Questions relating to economic theory or economic policy of any country or the international community.

3
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1answer
448 views

What is public credit?

In a quote by President Hoover referring to a veto, he stated: With the utmost seriousness I urge the Congress to enact a relief measure, but I can not approve the measure before me, fraught as ...
7
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4answers
661 views

Is there any record of Keynesian Economics improving the economy?

The ideological opposite to this question, whether Trickle-down Economics has improved any economy, has been asked. The accepted answer insinuates that Trickle-down Economics probably does not work in ...
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0answers
81 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 ...
7
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1answer
297 views

Max Weber and Confucianism

Did Max Weber discuss possible pragmatic economic advantages of Confucianism (or broadly speaking Asian values) at some point? Max Weber famously authored The Protestant Ethic and the Spirit of ...
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4answers
2k views

Is the economics theory of Karl Marx regarding technological progress realistic to the end?

Marx claimed that the introduction of more and more advanced machinery would lead to unemployment of workers, which decreases the ability of the society to buy things, which is a vicious cycle. ...
3
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0answers
111 views

Are there political answers to AI-induced mass unemployment? [duplicate]

Artificial Intelligence (AI) is widely discussed at the moment, e.g. on numerous occasions at the World Economic Forum 2017 and 2018 in Davos (https://www.youtube.com/watch?v=rw4aWeL3v5g) (2018 ...
3
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1answer
276 views

Why have US Presidents historically not attended WEF-Davos?

For more than 40 years, the World Economic Forum has met annually to discuss business, politics, research, and policy yet only two US Presidents have ever attended: Clinton (2000) and Trump (2018). ...
7
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2answers
271 views

Global policies on hiring ex-convicts

Spawned from this other SE question. In the United States it is challenging for ex-convicts to find gainful employment. A few states have gotten on board the Ban the Box initiative, referring to the ...
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2answers
648 views

How does legalized prostitution affect human trafficking, if at all?

When reading up on prostitution in places like Nevada, Greece, Mexico, Germany, the Netherlands, et cetera; one reoccurring theme I keep see popping up is that Human Trafficking seems to become a ...
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3answers
3k views

Dealing with crime in cryptocurrency based economies

Most cryptocurrencies are anonymous where the origin of coins is not known and transactions are also anonymous (this may not be 100% true but lets assume perfect anonymity). The society prevents ...
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2answers
255 views

What are the negative economic effects of lower taxes in the US? [closed]

While lower taxes theoretically lets Americans keep more of their own money, what are the negative economic effects to this policy?
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9answers
8k views

How could the free market limit the effects of net neutrality's repeal?

How could the free market limit the effects of net neutrality's repeal? Specifically, how will consumers' internet access be protected without government regulation?
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4answers
15k 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 ...
9
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1answer
226 views

How does Saudi Arabia prepare for when they run out of oil?

I've thought of it many times, actually an "ally" due to the petro dollar, what programs has Saudi Arabia implemented to prepare for a transition to a post-oil world economy?
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0answers
108 views

Who are, until now, the biggest losers of the war in Syria?

Are there any studies (which results are publicly available) about the damages caused by the Syrian war to other involved parties? How much does the refugee crisis cost Turkey or EU, for example?
0
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2answers
115 views

In what way do political parties gain with the pressure of lobbies and vice versa

For example, an electrical company pressuring the government to vote against a political proposal that should tax this very same company. In what way do political parties gain with the pressure of ...
3
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2answers
184 views

What do you call it when everyone gets an equal vote on how taxes are spent?

I had an idea and was wondering if there's a term for it or if there might even be groups or research surrounding this policy. The basic idea is that each year citizens of a country would vote for ...
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3answers
7k views

Why do some countries forbid working on Sunday rather than strictly regulating it?

According to this source, Poland will gradually forbid commerce on Sundays: Poland’s ruling party approved a law that will gradually impose a ban on Sunday shopping, meeting the demand of its ...
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2answers
233 views

Is there a map of which developing countries are influenced by which nations in terms of neocolonialism?

According to Wiki: Neocolonialism is the practice of using capitalism, globalization and cultural imperialism to influence a developing country in lieu of direct military control (imperialism) or ...
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5answers
749 views

Open source community - a digital communism or something else?

Here on politics SE I read the following: In order for communism to be moral, it requires everyone to voluntarily cooperate with each other towards a common goal. Unfortunately, people do not ...
3
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1answer
234 views

What would happen if we banned CEO stock-options tomorrow?

I've been reading about how CEOs have apparently changed considerably how they view their companies when able to take a large majority of their pay in the form of stock options; and now a lot of them ...
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2answers
2k views

Are there any measures to limit inheritance in capitalistic countries?

I'm not asking here whether this should be done or not and not going to argue here that it's fair/unfair. Currently in most (if not all) market economy countries people are allowed to inherit ...
1
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1answer
351 views

Why don't people pay some tax to the country where they were raised? [closed]

In most countries, public primary and secondary education is free. If later the thus raised people leave the country to work abroad, then this is economically quite disadvantageous to the home country....
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2answers
162 views

How do governments around the world model the economy?

In the media (in my country at least) when they report on policy that will affect the economy I have often heard the phrase "treasury modelling". I assume this means they model the economy to predict ...
21
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6answers
13k views

Does currency exist in communism?

I've thought about this before, but never heard any explanation as to how this works. My understanding of communism is: Everyone works. Everything is rationed out equally. Since there is no ...
4
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1answer
746 views

Why is Daylight saving time (DST) still used in so many Western countries?

DST was observed in many countries last week-end (28-29.10.2017). This article tells us about the origin of DST: Agrarian cultures built their societies around sunlight, waking up with the sun to ...
47
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8answers
17k views

Is it possible to be a socialist and a capitalist?

I don't know how to label my economic belief system, and it's frustrating when getting into discussions with other people. I believe in Capital. I believe that people have a right to earn more than ...
2
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1answer
132 views

Has there been research regarding the costs of maintaining a federation as opposed to a unitary state?

As an example, the United States are currently controlled by a bicameral Federal government and 50 state legislatures of which 49 are bicameral. This means that essentially there are 51 slightly ...
13
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1answer
1k views

Is China really Communist?

Having read Karl Marx, and seeing the 10 tenets of Communism, I find it hard to consider China as a Communist country. Just trying to stick to the 10 tenets. Abolition of private property, ...
21
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2answers
3k views

What have been the arguments against VAT in the US?

The majority of countries in the world have implemented a Value Added Tax (VAT) - sometimes called a Goods and Services Tax (GST) - why hasn't the US? EDIT - I would assume that if a VAT were ...
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0answers
38 views

Does the US tax plan being discussed address international tax deferral?

International tax deferral - the principle that taxes on multinational company profits need only be paid when/if those profits are repatriated - is arguably the largest cause for lack of tax revenue ...
6
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2answers
834 views

Why did Friedrich Hayek support Universal Basic Income

Hayek is a staunch free market capitalist, small government - bordering on 'taxation is theft' economist. How did he explain his support for universal basic income?
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3answers
535 views

Why are there so many countries that apply interest rate caps/ceilings?

Interest Rate Ceiling is "the maximum interest rate that a financial institution can charge a borrower for an adjustable rate mortgage or loan according to the contractual terms of the mortgage or ...
7
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3answers
409 views

What connects successful enterpreneurs and populism?

Many of the representatives of the 21st century populism turn out to be business leaders (like Trump, O'Leary, Babiš). What is the most accepted theory on why is it so among political science scholars?...
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3answers
8k views

Do separatist nations inherit any national debt?

Do separatist nations inherit any national debt? For example, given Spain has a debt level of £1.1 trillion at the time of writing, if Catalonia becomes an independent nation is there any legal ...
4
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3answers
615 views

What are the real cost for companies leaving Catalonia?

The last weeks there was problems and lots of discussions between the Catalan and Spanish governments. There was a referendum that the Catalan government accepts but the Spanish one doesn't and the ...
3
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1answer
83 views

What moral hazards are possible when a government produces its own currency; vs when it doesn't? [closed]

Assuming a political system is a representative democracy, and that group also produces a currency, what moral hazards are possible? I'm thinking that policy can be compared to my physics 101 class ...
7
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3answers
5k views

What is a run on the pound?

From the news today, it mentions that Jeremy Corbyn and the Labour Party is preparing to deal with a run on the pound. What is a run on the pound? Why is it making news headlines? Why does Jeremy ...
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2answers
177 views

What controls, organizations, or mitigations are there that limit or reduce bribery in politics and policing?

I'm trying to identify the key systematic components that prevent bribery in politics, policing, or legislation. What national, or ideally international, organizations exist that have some sphere of ...
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3answers
544 views

Can a country adopt and issue currency not theirs

Can a country decide that they now starting to use USD for example, then enter USDs into their circulation? Is there any international law that stops that and to what extent (can use the currency, ...
3
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0answers
78 views

Is there a study to measure the effectiveness of lotteries to increase VAT?

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, ...
5
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2answers
547 views

Why did Japan not raise taxes instead of borrowing to avoid having such a large debt ratio?

According to this article, Japan reached an enormous debt/GDP ratio of about 250%. The first two answers from here illustrate more about the structure of the debt. My highlights are: most ...
0
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1answer
237 views

What policies have been discussed or implemented to tackle Celibacy Syndrome in Japan [closed]

As we know that Japan is struggling with the problem of Celibacy Syndrome. What strategic steps has Japan taken to end its fight with celibacy syndrome? What policies have been implemented?
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3answers
457 views

Private ownership of productive resources as basis for existence of social classes?

In page 40 of this book I read the following: Scholars of all persuasions now recognize that private ownership of productive resources is the basis of the existence of social classes. This view ...
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4answers
270 views

Why does US allow creating legal entities without real beneficiary disclosure?

According to this article: “In every state in the US, you can incorporate an LLC – [a limited liability company] – or another legal entity and you don’t have to disclose who the beneficiary on ...
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1answer
267 views

Why do people make the mistake of calling it a “job market?” [closed]

A market means that in a specific location (or via an online platform) by a consumer's own will, they can directly exchange money for goods and services while the market is operational. If someone is ...
5
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1answer
181 views

Did Chile's productivity/capita go up during Pinochet's reign?

What effect did Pinochet's war on drugs and execution of drug users have on Chile's productivity per capita? If you have data for the Philippines, that would be a bonus.
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1answer
163 views

Which policies has Trump enacted that has (possibly) influenced the GDP and economy positively?

I was talking to a Trump supporter who claimed that Trump is politically and economically competent, pointing to this article showing how Trump has caused the GDP to reach a record high level (or, at ...
4
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1answer
141 views

Difference between corporatism and craft unionism

In an essay I came across two political concepts that I'm incapable of distinguishing. What is difference between corporatism and craft unionism? I have read somewhere that the idea of corporatism ...
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0answers
70 views

How much of Puerto Rico's economy is held by mainland individuals and companies?

Puerto Rico was once a Spanish colony, then a US sort-of-a-colony, then a commonwealth with citizenship. I know US agribusiness invested heavily in setting up/expanding a sugar cane industry on the ...