As the coronavirus disease 2019 (COVID-19) pandemic continues to unfold there is an untold number of trade-offs being made in every country around the globe. The experience in the United Kingdom and Canada to date has not seen much uptake of health economics methods. We provide some thoughts on how this could take place, specifically in three areas. Firstly, this can involve understanding the i...

Introduction Amartya Sen occupies a unique position among modern economists. He is an outstanding economic theorist, a world authority on social choice and welfare economics; he is a leading figure in development economics, carrying out path-breaking work on appraising the effectiveness of investment in poor countries and, more recently, on the economic analysis of famines. He has greatly influ...

∗James Heckman: Department of Economics, University of Chicago, 1126 East 59th Street, Chicago, IL 60637; phone: 773-702-0634; fax: 773-702-8490; email: [email protected]. John Eric Humphries: Department of Economics, University of Chicago, 1126 East 59th Street, Chicago, IL 60637; phone: 773-980-6575; email: [email protected]. Gregory Veramendi: Arizona State University, 501 East Orange Str...

Faced with a difficult economic climate with high levels of unemployment and widespread home foreclosures, the Administration of President Barack Obama has created a unique opportunity to rethink and redirect fundamental policies and practices ranging from health care to regulation of the financial industry. A similar opportunity exists to change Federal homeless assistance policies and programs.

This article is concerned with the economics of excessively large and socially costly suburban expansion and attempts to summarize and organize the main economic arguments associated with sprawl due to single-family residential home construction. We also apply standard welfare economics and price policy instruments to the issue of suburban sprawl in order to suggest ways in which economics can ...

In 1968, Professor Don Paarlberg, a noted agricultural economist, completed his book titled “Great Myths of Economics.” In this book, Paarlberg contends that while mythology is most often uncovered in the study of such subjects as weather, home remedies, and history, it can also be found in the field of economics. Paarlberg then proceeds to purge his own profession of economic folklore, half-tr...