All tagged Economics

Pirate Econ 101

Disney thinks it has pirates figured out. A peg leg, a hook for a hand, a flashy moustache that swirls at the tips, and a parrot attached to their shoulder that you can tell is evil because it has angled eyebrows – all a necessary part of the uniform. That is about as far as Disney can take its pirate representation without being slammed with lawsuits by concerned parents, because the real pirates were more than just clumsy crew members who were always tripping over their own feet and bickering with children. They were violent and cruel. But most of all, they were clever. Their behaviours were not a result of unchecked impulses and potential undiagnosed psychopathy, but rather a result of calculated thinking and appliance of strategic acts that can be analysed today using modern economic theories. 

Hayek: An Overview

September 1945 contained multiple defining events around the world. In Germany, the Allies solidified control over their occupation zones. In Asia, the Allies rounded up Japanese forces. In the United States, factory workers began striking due to the postwar economic downturn. Lost in the shuffle is the publication of a 12-page journal article in The American Economic Review by an Austrian immigrant to the United Kingdom. The article’s author would change the economies and politics of the UK and the U.S.

Economics of Immigration in the USA

Immigration is a hotly debated issue for many countries around the world, however, there is ongoing research being conducted to understand the economic implications of immigration across various countries. Studies on the economic effects of immigration have examined a range of issues, including the impact of immigration on wages, employment, and productivity, as well as the fiscal impact of immigration on government budgets. In addition, researchers have explored the social and political consequences of immigration, such as the effects of immigration on social cohesion, political participation, and public opinion. Understanding the economic effects of immigration in different countries is important for policymakers and researchers who seek to design effective immigration policies and programs that benefit both immigrants and host societies.