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Robert Mundell, the intellectual father of supply-side economics, is dead at 88


Robert Mundell, the intellectual father of supply-side economics, is dead at 88
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Famed Columbia University economist Robert Mundell, who popularized the theory of supply-side economics, has died. He was 88.
Mundell, a Canadian American, died Saturday morning at his home in Italy. He, along with his close associate Arthur Laffer, developed the school of supply-side economics in the 1970s. They theorized that increasing free trade and lowering taxes and regulations would increase economic growth. Laffer confirmed Mundell s death to the
Washington Examiner on Monday morning, as did Columbia.
Mundell was diagnosed with cancer earlier this year, and with no good options for long-term treatment, he was brought from the hospital to his Italian home, where he died peacefully, his wife Valerie Natsios Mundell said in a statement. ....

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(볼 만한 새 책)'질서 너머'·'내러티브 경제학' 외

(볼 만한 새 책)'질서 너머'·'내러티브 경제학' 외
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Should Texas raise their minimum wage rate?


Should Texas raise their minimum wage rate?
and last updated 2021-01-02 12:26:39-05
A New Year also means a new rate of pay for several Americans.
Texas is not one of those states but some believe the minimum wage, which is $7.25, should also be increased, especially for those in the service industry.
“$7.25 an hour does not pay a living. That’s why you have parents that are working two to three jobs. That’s why you have children that are in homes. Daycare for one child is $500 a month in certain areas. That $7.25 doesn’t secure any family financially,” said Killeen resident Khandiese Cooper. ....

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