Public Economy

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.

  • The first U.S. Customs and Border Protection unmanned aerial vehicle in 2004.

    Blog

    Improving DHS Accountability for Acquisitions

    As the House of Representatives considers legislation that would reform the Department of Homeland Security's acquisitions process, an important issues come to the forefront—the need for accountability in the acquisitions process.

    Apr 22, 2014

  • Chinese Renminbi banknotes

    Blog

    A Liberated Yuan Is Likely to Fall

    Some critics claim that the People's Bank of China is contriving to weaken the yuan's value to promote Chinese exports and stimulate the country's lagging growth. But the yuan's true value may be lower than some popular estimates, says Charles Wolf, Jr.

    Apr 22, 2014

  • Report

    Designing a System for Collecting Policy-Relevant Data for the Kurdistan Region — Iraq

    Surveys the availability of reliable policy-relevant data in the Kurdistan Region -- Iraq, identifies the high-priority areas for which more data are required, and develops guidance for a system to collect and disseminate these data on an ongoing basis.

    Apr 18, 2014

  • Russia's President Vladimir Putin welcomes China's President Xi Jinping before the first working session of the G20 Summit in near St. Petersburg, Sept. 5, 2013

    Blog

    Why Ukraine Crisis Has China in a Bind

    As much as China may wish to lean on Russia should Beijing find itself at odds with the United States, Xi seeks a new type of great power relationship with the United States that calls for mutual respect, no confrontation, and cooperation.

    Apr 16, 2014

  • News Release

    China Faces Several Obstacles to Building Successful Domestic Commercial Aircraft Industry

    China's investment of billions of dollars in a domestic commercial aviation industry has yet to result in a commercially viable aircraft and is unlikely to do so for the foreseeable future.

    Apr 4, 2014

  • Report

    China Faces Several Obstacles to Building Successful Domestic Commercial Aircraft Industry

    China's investment of billions of dollars in a domestic commercial aviation industry has yet to result in a commercially viable aircraft and is unlikely to do so for the foreseeable future.

    Apr 4, 2014

  • Close up of pills/drugs on US dollar health care spending

    Blog

    Is the ACA Keeping a Lid on Growth in Healthcare Spending?

    Some point to the healthcare spending slowdown as an early success of the Affordable Care Act. Others warn that it's merely a hangover from the recession, and that the inevitable spending rebound will be exacerbated by the ACA coverage expansions.

    Apr 3, 2014

  • General David Petraeus, Stephen Hadley, and David Ignatius

    Blog

    RAND Conference: Iran in the Days After a Nuclear Deal

    Expressing optimism that a deal to end Iran's pursuit of nuclear weapons could succeed, experts said during a panel discussion at RAND that such an agreement could open the door to a new era for Iran, free of international sanctions but still cautious of relations with the U.S.

    Apr 3, 2014

  • A soldier stands guard near a tank position close to the Russian border near the Ukrainian city of Kharkiv

    Blog

    No Easy Answers for Ukraine

    What Russia seeks from its adventure is status, importance and free reign in its neighborhood, for a start. If sanctions and other responses are short-lived, Moscow will feel victorious, and possibly emboldened to future aggression.

    Mar 26, 2014

  • Report

    Venture Capital and Strategic Investment for Developing Government Mission Capabilities

    Through case studies and economic modeling, this research on government strategic investment will help acquisition managers evaluate strategic investment methods to motivate mission-oriented innovation by private firms.

    Mar 24, 2014

  • Report

    Analysis to Inform Defense Planning Despite Austerity

    Defense analysis can better serve policymakers by exploiting improvements in the state of the art and by rediscovering and supplementing classic principles. These relate to multiple objectives and hedging against uncertainty.

    Mar 20, 2014

  • Israeli Prime Minister Benjamin Netanyahu shakes hands with U.S. President Barack Obama in the Oval Office

    Blog

    The Foreign Policy Essay: Evangelicals, Israel, and U.S. Foreign Policy

    The religiously grounded pro-Israel viewpoint distorts American policy towards Israel with an unhelpful inflexibility and exaggerates the political importance of the country (indeed, the whole region) to the United States, says Paul Miller.

    Mar 19, 2014

  • News Release

    Chinese Engagement in Africa Is a Two-Way Dynamic

    Contrary to conventional wisdom, relations between China and Africa are a vibrant two-way dynamic in which Chinese leaders adapt to feedback from the continent.

    Mar 12, 2014

  • Research Brief

    China in Africa: Implications of a Deepening Relationship

    Discusses China's engagement with African countries, including what each side wants from these relationships, how Africans view China's involvement and how China has reacted to that, and whether the United States and China are competing in Africa.

    Mar 12, 2014

  • Power lines stretch across rural Turkey, where the World Bank has renewable energy and energy efficiency projects

    Blog

    Making Informed Investment Decisions in an Uncertain World

    Changing how we make development decisions requires a cultural shift as much as it requires an analytical shift. Methodological innovations like Robust Decision Making can help. By motivating and equipping analysts to manage uncertainty, they can shape how we think about, discuss, and make decisions.

    Feb 28, 2014

  • Blog

    The Fed and Inequality

    Pretax income inequality has been driven by long-term societal trends that are numerous, complex, and hard to change. They include education, parenting and family structure, neighborhood, immigration, globalization, and IT-based technology.

    Feb 13, 2014

  • pie chart illustration over a world map

    Blog

    Happy 80th Birthday, 'GDP' — Is It Not Time to Retire?

    While there are merits to using GDP, it is clear that it fails to measure several important potential externalities to economic growth, such as environmental damage, poor working conditions, or violations of privacy rights.

    Feb 6, 2014

  • Ukrainian President Viktor Yanukovich shakes hands with European Enlargement and Neighbourhood Policy Commissioner Stefan Fuele during their meeting in Kiev, January 28, 2014

    Blog

    EU-Ukraine Alliance Will Benefit Russia, Too

    The EU-Ukraine Association Agreement would benefit both Ukraine and Russia in many ways, especially in greater trade, social, and cultural exchanges. Ukraine's closer association with the EU would actually increase Russian trade with Ukraine as long as Russia does not impose artificial restrictions.

    Jan 29, 2014

  • Foreign Minister Mohammad Javad Zarif, President Hassan Rouhani, and Mohammad Nahavandian at the World Economic Forum

    Blog

    Why New Sanctions on Iran Won't Work

    Sanctions are not a button that can be pushed to strengthen the U.S. position automatically; they must be used in tandem with diplomacy, and a deeper understanding of Iranian, Chinese and Russian motivations.

    Jan 23, 2014

  • Report

    Evaluation of the Population and Poverty Research Initiative (PopPov): Executive Summary

    This report evaluates the Population and Poverty Research Initiative (PopPov) and its progress in building economic demography, particularly policy-relevant research; policymakers' understanding of issues; and research capacity in sub-Saharan Africa.

    Jan 20, 2014