Economics in One Virus cato.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cato.org Daily Mail and Mail on Sunday newspapers.
Have you ever stopped to wonder why hand sanitizer was missing from your pharmacy for months after the COVID-19 pandemic hit? Why some employers and employees were arguing over workers being re‐hired during the first COVID-19 lockdown? Why passenger airlines were able to get their own ring‐fenced bailout from Congress?
Economics in One Virus answers all these pandemic‐related questions and many more, drawing on the dramatic events of 2020 to bring to life some of the most important principles of economic thought. Packed with supporting data and the best new academic evidence, those uninitiated in economics will be given a crash‐course in the subject through the applied case‐study of the COVID-19 pandemic, to help explain everything from why the U.S. was underprepared for the pandemic to how economists go about valuing the lives saved from lockdowns.
When I was in high school, my economics class read
The End of Poverty by Jeffrey Sachs. The book is a passionate appeal to help those living in the worst poverty in the world. Sachs writes that we should not worry too much about the people in second-to-last place, such as the poorly paid workers in labor-intensive industries who were then the focus of considerable debate and activism on U.S. college campuses. Sweatshop workers, Sachs conceded, were on the bottom rung of the ladder. But subsistence farmers were not on the ladder at all. Once we helped them get a foothold, they could begin ascending from textiles all the way up to high tech. I internalized Sachsâs argument, sensing it would help me feel better about the world we live in.
China flexes military muscle around Taiwan with flights, sea maneuvers upi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upi.com Daily Mail and Mail on Sunday newspapers.
Readers Write: Population growth, policing, Ethiopia A new economy, not more people. April 5, 2021 5:30pm Text size Copy shortlink:
In making his case for more people ( What the world needs now, is people more people, Opinion Exchange, April 3), Tyler Cowen obliquely refers to environmental problems that may be tied to overpopulation but goes on to lament the economic ramifications of a declining population and ultimately states his opinion that the greater tragedy would be a failure to take full advantage of the planet s capacity to sustain human life. As members of the only species capable of contemplating our impact on the planet, it s disturbing, to me at least, that Cowen would engage in such an exercise and come to his conclusion, knowing full well that cramming humans into every nook and cranny comes at the expense of thousands of other species with which we share the earth. Due to our boundless ingenui