There's a difficult trade-off between income equality and the growth that comes from successful innovation. But one doesn't have to overwhelm the other.
Jan 30, 2015
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.