He put forth the so-called Easterlin paradox, finding that the richer you are doesn’t mean the more satisfied you’ll be with your life.
Category: Economics (Theory and Philosophy)
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Why Cooling Inflation Hasn’t Eased Sticker Shock
The term refers to what we have internalized as the fair price for a product or service. It’s often out of sync with what things now actually cost.
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Have Paychecks Kept Up With the Cost of Living?
On average, wages have risen faster than prices in recent years. But not all Americans are getting ahead.
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Nobel Economics Prize Awarded to Daron Acemoglu, Simon Johnson and James Robinson
Daron Acemoglu, Simon Johnson and James Robinson shared the award for their work on explaining the gaps in prosperity between nations.
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Nobel Economics Prize Awarded to Daron Acemoglu, Simon Johnson and James Robinson
Daron Acemoglu, Simon Johnson and James Robinson shared the award for their work on the gaps in prosperity between nations.
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Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong
Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.
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Harris and Trump Have Differing Plans to Solve Housing Crisis
The two presidential nominees are talking about their approaches for solving America’s affordability crisis. But would their plans work?
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Harris and Trump Have Differing Plans to Solve Housing Crisis
The two presidential nominees are talking about their approaches for solving America’s affordability crisis. But would their plans work?
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Kamala Harris Blames ‘Price Gouging’ for Grocery Inflation. Here’s What Economists Say.
Price increases when demand exceeds supply are textbook economics. The question is whether, and how much, the pandemic yielded an excess take.
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Stock Markets Signal Recession Fears. Here’s the Economic Outlook.
The economy has repeatedly defied predictions of a downturn since the pandemic recovery began. Now signs of strength contend with shakier readings.
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Rachel Reeves, Britain’s First Female Chancellor, Turns to Janet Yellen for Inspiration
Rachel Reeves, who will oversee Britain’s budget, is expected to pursue an agenda influenced by Janet Yellen’s more activist approach to job-creation and investment in the United States.
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What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.