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Saturday, October 27, 2018

Top 12 questions in economics

Photo source: Wikimedia Commons, Wilfredor, CC0 1.0

This post is a ranking of what I believe are the most important questions in economics. I define economics as the study of production, distributions and consumption of goods and services.

1. What goods and services should the government provide?
2. What economic activity should be regulated or illegal?
3. Does increased taxes on high-income earners hurt economic growth?
4. How can poor countries escape poverty?
5. How can rich countries increase growth?
6. Should poor individuals receive welfare?
7. Should governments in rich countries increase aid to poor countries?
8. Does increasing the minimum wage hurt economic growth?
9. Should the government subsidize innovative technologies?
10. Should the government guarantee a job to everyone?
11. Should the government increase spending during recessions?
12. Should the government increase the money supply during recessions?

License: CC BY-SA 4.0