The Negative Implications of Los Angeles’ Increasing Inequality
On a broad level, America is seeing rapid, widespread demographic shifts. But some areas are experiencing greater shifts than others. People of color will soon become the national majority, andContinue Reading
The California Pension Crisis
The bankruptcy of Detroit in 2013 shocked the country due to its sheer size, but was also fairly expected given the decline of the American automotive industry in theContinue Reading
The Economics of Esports
Ten years ago, few people believed that playing video games as a competitive professional sport could become a billion dollar industry. Yet this is precisely what has happened. Within justContinue Reading
Foreign Aid, Blessing or Bane: A Case Study of Foreign Aid’s Impact on Sub-Saharan Africa
In August of 2018, the Trump administration introduced new conditions on billions of dollars in foreign aid spent through the UN and other multinational agencies. This decision revitalized the discussionContinue Reading
Jadarite, Kosovo’s Threat, and Political Instability: Foreign Direct Investment in Serbia
In 2004, reports surfaced of a new mineral in Serbia. Analysis from the Museum of Natural History in London confirmed that the mineral was previously unknown to geologists. The discoveryContinue Reading
China’s Remarkable Recovery From the Great Recession, and Implications For Its Future
Although China was hit hard by the Great Recession, its economy rebounded very quickly. Why?Continue Reading
The Rough Road to Reunification: Germany’s Struggles Toward Economic Convergence
The political reunification of Germany in 1990 moved at an astounding pace. Integrating the two regions economically, however, has proven to be far more difficult, and this process will certainly be ongoing for years to come.Continue Reading
The Market for Citizenship
Every country has a comparative advantage, the ability to produce some sort of good or service and produce it well. The United States, for example, has a thriving airplane industry,Continue Reading
Economics of Happiness: An Interview with Richard Easterlin
USC Professor Richard Easterlin Continue Reading