Is the Medical Profession Recession-Proof?

There have been a variety of news articles about the possible recession that we are in and how it is affecting every industry. Airlines, transportation, and shipping are obvious industries that continue to be affected. But what about the medical profession?

One longstanding belief about medicine is that it is a recession-proof industry. While . . . → Read More: Is the Medical Profession Recession-Proof?

International Working Patterns, Part I: Is it OK to Leave Work Before Your Boss?

Recent international studies have highlighted considerable variations in hours of work between countries as well as the high percentage of people who are working excessively long hours.

As demographic changes bring about the aging of populations in most developed countries, employers will increasingly come under pressure to offer terms and conditions of employment that . . . → Read More: International Working Patterns, Part I: Is it OK to Leave Work Before Your Boss?

Regulating Sovereign Wealth Funds: A Double-Edged Sword

The present credit crisis in the United States has resulted in some sovereign wealth funds picking up stakes in U.S. companies. Sovereign wealth funds are investment funds owned by national governments. These funds are generally well armed with cash but very secretive. There is no uniformity among the sovereign wealth funds that are investing . . . → Read More: Regulating Sovereign Wealth Funds: A Double-Edged Sword

Keeping Up with the Jetsons

In about 10 years we could all feel a little closer, technologically speaking, to George Jetson. Although our cars probably won’t be flying, they could be driving themselves. In June 2008, Carnegie Mellon University issued a press release stating that their robotics institute had just received a $5 million grant from General Motors. This . . . → Read More: Keeping Up with the Jetsons

Can We Let Go of this Gold Standard Nonsense Already?

This being one of my first posts on Amateur Economists I initially thought I would do an introduction. But then I happened on The Huffington Post article National Review Blogger Terrified Of New Five-Dollar Bill and it got my goat enough to change topics. They quote Mark Krikorian in his blog post at the . . . → Read More: Can We Let Go of this Gold Standard Nonsense Already?

Scapegoating: The Last American Growth Industry

Recently I read a disturbing article by a young South Carolina mother entitled “A Letter to Illegal Mexican Walmart Shoppers.” (Editor’s note: the article’s original URL no longer exists. Click here to read it from Google’s cached pages.) The gist of the letter is that, in this woman’s opinion, Mexican Walmart shoppers are rude, . . . → Read More: Scapegoating: The Last American Growth Industry