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.
Resolving the question of whether or not the U.S. has finally gotten a handle on health care spending is vitally important, because the choices we make going forward will have profound implications for our economy, the financial wellbeing of millions of American families, and ultimately America's standing in the world.
If greater co-ordination were possible across European nations — allied to a more professional cadre of soldiers — far fewer troops would be required, writes Matt Bassford. A reduction in land forces could deliver savings of approximately €6.5 billion in wage costs alone.
Competition from American industry would help drive Chinese firms to be more socially responsible and generate greater benefits for African communities, write Larry Hanauer and Lyle Morris.
The imposition of sanction after sanction without a clear diplomatic approach may convince Iran's leadership that the United States seeks regime implosion and overthrow rather than a solution to the nuclear crisis, write Alireza Nader and Colin H. Kahl.
Rouhani may improve the economy in pursuing his underlying goal to preserve the Islamic system, writes Alireza Nader. But not all Iranians would be satisfied with just economic improvements. Many want greater freedom of expression and a bigger say in the political system.
It was widely assumed that Atlanta's Grady Memorial Hospital would be the next storied public hospital close its doors, but at its darkest hour, it received help from an unexpected quarter, says Art Kellermann.
The Obama-Xi dialogue offers an opportunity to clarify both countries' interests in Africa and remove a potential irritant to U.S.-Chinese bilateral relations, write Larry Hanauer and Lyle Morris.
Obama and Peña Nieto emphasized economic cooperation at their summit not because security issues have gone away, but because the new rules of the game in this nascent relationship between the two leaders are evolving, writes Agnes Gereben Schaefer.
The experience to date strongly suggests that the reactions and behavior of private investors and consumers to stimulus in the U.S. and austerity in the EU critically affected each policy's tarnished record, writes Charles Wolf.
If Alawites and Sunnis living abroad can stand united against the Assad regime, so can their counterparts inside Syria. By setting an example of coexistence, they can mitigate the fears of Alawites in Syria that deserting Assad would facilitate the rise of an anti-Alawite Sunni regime.
Perhaps most tragic of all are the disasters that are wholly preventable: the deaths, maimings, and crushed livelihoods that result from human callousness or indifference, writes Jonah Blank.
It is time for the government in partnership with industry to return to the drawing board to craft a plan that will provide protection for the more than 9 million people who will need care for dementia by 2040, writes Michael D. Hurd.
Charles Wolf Jr. reviews How China Became Capitalist by Ronald Coase and Ning Wang: The authors interpret China's rise in terms that are distinctly different from what has been accepted as conventional wisdom, which holds that China's dramatic rise has resulted from astute guidance by its Communist Party leadership.
At the rate that the U.S. population is aging, the total cost of dementia could reach half a trillion dollars a year by 2040. Those who care for impaired relatives and friends are acutely aware of the effects of dementia, and unfortunately they are all too familiar with its costs, writes Kathleen J. Mullen.
While a governor or legislator may disagree with Medicaid expansion for philosophical reasons, the claims that the expansion will be a burden on states' economies seem misguided given the full range of projected economic impacts on the states, writes Carter C. Price.
Better understanding of how malaria reduction affects different households, regions, and economic sectors in Sub-Saharan Africa could allow policymakers to assess alternative intervention strategies and allocate resources more efficiently and effectively.
The economic pains caused by the Iranian regime's mismanagement, corruption, and international sanctions have dealt serious blows to worker wages, benefits, and job security — enough reason for Iranian laborers to organize and oppose the regime.
Three major areas appear to have been the focus of Xi Jinping and Vladimir Putin's recent summit: managing expectations about the relationship; expanding bilateral trade in energy and arms; and cooperation on international security affairs.
As solar power remains more expensive than conventional sources of electricity in most parts of the world, demand for photovoltaic solar panels still primarily depends on government subsidies, says Keith Crane.
Removing the constraints on Medicare would not only lead to lower prices at the drugstore, hospital and doctor's office, it could spark a new era of healthcare innovation, says Arthur Kellermann.