Economics

Economics is a discipline concerned with the consumption, production, and transfer of wealth by and among individuals (microeconomics) and communities or nations (macroeconomics); subspecialties range from economic development and planning to health economics and international economic relations. RAND's many economists contribute to multidisciplinary research projects by exploring the intersections where economics informs social, military, and governmental policy decisions.

  • Russian President Vladimir Putin and Indian Prime Minister Narendra Modi attend a meeting at the Shanghai Cooperation Organization summit in Astana, Kazakhstan, June 9, 2017

    Commentary

    China Will Regret India's Entry Into the SCO

    Russia first proposed India as a member of the Shanghai Cooperation Organization likely in part to complement bilateral economic and security engagement, but mainly to constrain China's growing influence in the organization.

    Jul 24, 2017

  • Report

    Modeling the Economic Impact of a California Workers' Compensation Formulary

    This report estimates the potential impacts of a California Workers' Compensation formulary in terms of changes in prescription drug use and spending and discusses the potential broader impacts of these changes on the California economy.

    Jul 17, 2017

  • A businessman looking out at the modern London skyline

    Commentary

    Finding the Common Ground: Building a Brexit Around Trade and Single Market Access

    The priority for the UK government during Brexit negotiations should be access to the single market and free trade deals with countries outside the EU. This would build on the common ground felt by the majority of Britons about what they feel are the most valuable aspects of the UK's future relationship with Europe.

    Jul 14, 2017

  • A commuter looks at his mobile phone as he crosses London Bridge during rush hour in London, Britain September 27, 2016

    Commentary

    Brexit: So Tell Me What You Want, What You Really Really Want

    The 'In/Out' referendum question encouraged the view that Brexit was a binary choice. But how did people understand these two options and their implications? The results of stated preference discrete choice experiments hold the answer.

    Jul 14, 2017

  • Report

    What sort of Brexit do the British people want? A proof-of-concept study using stated preference discrete choice experiments: Technical addendum

    A proof-of-concept study using stated preference discrete choice experiments to quantify the British people's preferences for their relationship with the European Union after Brexit.

    Jul 13, 2017

  • Brexit negotiations written on mountain road sign

    Journal Article

    British Public Rejects “No Deal” on Brexit

    The British people disagree with the claim that “no deal for Britain is better than a bad deal for Britain” when it comes to negotiations for leaving the European Union. They want a deal on Brexit and are willing to compromise to get one.

    Jul 13, 2017

  • The USS Lassen arrives at a South Korean naval port in Donghae as sailors wave South Korean and U.S. flags, March 9, 2013

    Essay

    Are America's Overseas Security Commitments Worth It?

    A growing debate has called into question U.S. international security commitments and whether their economic value outweighs their costs. Research suggests that the magnitude of the benefits could be substantial.

    Jul 7, 2017

  • Journal Article

    Portfolio Society: On the Capitalist Mode of Prediction by Ivan Ascher

    Book review of Portfolio Society: On the Capitalist Mode of Prediction by Ivan Ascher.

    Jun 30, 2017

  • Woman chopping vegetables in a restaurant kitchen

    Commentary

    California's Tourism Industry: A Launching Pad for New Careers

    Travel and tourism jobs in California often serve as an entry point for those outside the paid labor force. Nearly 55 percent leave the industry within a few years, some of whom move to another industry but keep the same occupation. Others change occupations as they change industries.

    Jun 29, 2017

  • The Santa Monica Pier in California, illuminated at night with a reflection on shoreline

    Report

    The Effects of Travel and Tourism on California's Economy

    California's travel and tourism industry employs a diverse workforce that makes a meaningful contribution to the state's economy. For some, the industry offers a stable career path with good wages and wage growth. For others, it's a launching point into other industries.

    Jun 27, 2017

  • People are pictured outside the European Commission headquarters in Brussels, Belgium June 14, 2017.

    Commentary

    The European Commission Is Struggling to Demonstrate 'Value for Money'

    Great work is happening as a result of EU spending and programmes, particularly around democracy, rule of law and human rights. To make sure the trend continues, it is important for the populace to understand the value for money of this work.

    Jun 26, 2017

  • China's Foreign Minister Wang Yi speaks at a Security Council meeting on the situation in North Korea at the United Nations, New York City, April 28, 2017

    Commentary

    How China Could Truly Rein in North Korea

    China has key pressure points at its disposal to help deter North Korea from nuclear activities. It could cut off oil supplies or limit other trade, or crack down on illicit finance networks as many of the banks laundering money for the regime are in China. It could also stop shielding Pyongyang at the UN.

    Jun 20, 2017

  • A row of flags from various countries

    Commentary

    America's Biggest Edge: The International Order

    Evidence shows that many countries consider themselves part of an emerging global community. This represents America's most potent competitive advantage. U.S. strategy is stronger when it works to reflect and build such a community.

    Jun 14, 2017

  • Coalition Forces commanders and Combined Air Operations Center members attend a Bastille Day ceremony at Al Udeid Air Base, Qatar, July 14, 2015

    Commentary

    Time for Quiet Diplomacy, Not Taking Sides

    Disputes within the Gulf Cooperation Council are inevitable given differing threat perceptions and political interests, but there is no reason for the U.S. to pursue policies that aggravate the differences and risk fueling greater instability. Instead, Washington could assure both sides that it will support any agreement they reach.

    Jun 7, 2017

  • The Eiffel Tower is seen in front of the Sacre Coeur Basilica on Montmartre in Paris, France, during the 2015 World Climate Change Conference

    Commentary

    The Big Bet: Withdrawing from the Paris Climate Agreement

    America's formal withdrawal from the Paris climate agreement could have far-reaching consequences for U.S. global leadership on many issues, not just on efforts to reduce greenhouse gas emissions.

    Jun 2, 2017

  • Doctor consulting with staff member

    Journal Article

    What Is Single-Payer Health Care?

    Policy discussions of single-payer health system proposals need to account for the substantial variation in how they would change the financing, pooling, purchasing and delivery of health care.

    Jun 1, 2017

  • Brochure

    Innovating for Answers: Social and Economic Policy Research at RAND

    This publication highlights recent RAND social and economic policy research projects that have produced important new policies, framed issues in new ways, balanced multiple priorities and difficult trade-offs, and prompted meaningful change.

    May 31, 2017

  • Chinese President Xi Jinping speaks during a briefing on the final day of the Belt and Road Forum, at the Yanqi Lake International Conference Centre, north of Beijing, China May 15, 2017.

    Commentary

    The Driving Force Behind China's Ambitious 'Belt and Road Initiative'

    By committing trillions of dollars to infrastructure projects across 60 countries, China could transform the lagging economies of the region and place itself in the enviable position of being Asia's true pivot. But the new Silk Road blueprint presents risks as well as benefits.

    May 30, 2017

  • An unfinished monorail project in Sao Paulo, Brazil, March 3, 2016

    Commentary

    Regulating Infrastructures in the Tropics

    Regulation helps address the demands of investors who are seeking assurances that their investments are safe, while also reassuring democratically elected governments. Regulatory reform could help Brazil attract more private investment in its infrastructure.

    May 26, 2017

  • New mother resting in maternity room after childbirth

    Commentary

    Effects of Removing Maternity Care and Mental Health Treatment from Coverage Requirements

    The American Health Care Act passed by the U.S. House of Representatives to repeal and replace the Affordable Care Act allows states to waive benefits that the ACA deemed “essential.” Dropping maternity care coverage, for example, would reduce premiums by 5 percent but increase out-of-pocket spending for new mothers.

    May 18, 2017