Economics

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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.

  • 3D printer and printable drone, gun, and airplane turbine.

    Article

    Four Ways 3D Printing May Threaten Security

    May 8, 2018

    3D printing has the potential to improve lives. But it could also bring new perils, such as disrupting weapons regulations and jeopardizing manufacturing jobs. While there's reason to be cautious about this technology, there's also danger in overreacting and overregulating what could be a new era of innovation.

  • David Davis, Britain's Secretary of State for Exiting the EU (left), and Michel Barnier, the EU's chief Brexit negotiator, talk to the media ahead of negotiations in Brussels, Belgium, September 25, 2017

    Report

    Potential Impacts of Brexit on UK, EU, U.S. Economies

    Dec 12, 2017

    The UK economy is likely to suffer under the most probable post-Brexit trade scenarios. Leaving the EU with no deal would make the UK nearly 5 percent poorer in 2029 than if it had remained. The most beneficial scenario would be a trilateral UK-EU-U.S. agreement, but that is unlikely in the current political environment.

Explore Economics

  • North Korean leader Kim Jong Un welcomes Chinese President Xi Jinping at the Pyongyang International Airport in Pyongyang, North Korea, in this undated photo released on June 21, 2019, photo by KCNA/Reuters

    Commentary

    U.S. Economic War on China Weakens Nuclear North Korea, Too

    An effective mechanism for bending North Korea's toward denuclearization may be exerting consistent and targeted political, economic, and security pressure on China. Diminishing Beijing's relevance, while not a panacea, could pierce Kim's illusion of invincibility and place him in a bind to make some substantial concessions.

    Oct 18, 2019

  • Report

    Poor indoor climate, its impact on child health, and the wider societal costs

    This study looked at the impact of poor indoor climate on child health and at the costs for society at large. It covered the following indoor climate hazards: damp; mould; indoor air pollution; noise; radon; excess cold; lack of daylight.

    Oct 9, 2019

  • U.S. President Donald Trump and China's President Xi Jinping at the Great Hall of the People in Beijing, China, November 9, 2017, photo by Jonathan Ernst/Reuters

    Commentary

    The Emerging U.S.–China Strategic Competition and the Role of Trans-Atlantic Cooperation

    When competing with China, what role should U.S. alliances, especially the transatlantic relationships the United States has with its European partners, play? This question is potentially decisive for whether or not any strategy adopted by the U.S. to compete with China will succeed or fail.

    Oct 8, 2019

  • Map of Russia and Post-Soviet Europe

    Report

    Proposal for a Revised Regional Order in Post-Soviet Europe and Eurasia

    Disputes over the regional order in post-Soviet Europe and Eurasia are at the core of the breakdown in relations between Russia and the West and have created major challenges for the states caught in between. A new approach to the order could boost security and prosperity in the region.

    Oct 8, 2019

  • Research Brief

    Options for funding the NHS and social care in the UK: How the UK general public would prefer extra funds to be raised

    What is the publicly preferred way to raise additional funds needed to meet growing demand for health and social care. Options are taxation, insurance, or user charges. We analyse the preferences of the UK general public using a choice experiment.

    Oct 7, 2019

  • Journal Article

    Study for the Evaluation of the EMA Fee System: Final Report

    Researchers examined the European Medicines Agency fee system and its relationship to the underlying costs associated with its services, assessing the strengths and weaknesses of the system, and whether fees are founded on a sound economic basis.

    Oct 4, 2019

  • Journal Article

    Study for the Evaluation of the EMA Fee System: Methodology Note

    Researchers examined the European Medicines Agency fee system and its relationship to the underlying costs associated with its services, assessing the strengths and weaknesses of the system, and whether fees are founded on a sound economic basis.

    Oct 4, 2019

  • Journal Article

    Study for the Evaluation of the EMA Fee System: Summary Report

    Researchers examined the European Medicines Agency fee system and its relationship to the underlying costs associated with its services, assessing the strengths and weaknesses of the system, and whether fees are founded on a sound economic basis.

    Oct 4, 2019

  • People's Liberation Army soldiers are seen in front of a sign marking China's 70th anniversary before a military parade in Beijing, October 1, 2019, photo by Thomas Peter/Reuters

    Commentary

    The China Dream: Never Closer, yet Never More Elusive

    To achieve its goals of national rejuvenation, China needs to become a true world power. But a softening economy and political gridlock make it seem less and less likely that Beijing will realize all of its objectives.

    Oct 1, 2019

  • U.S. President Donald Trump attends a bilateral meeting with China's President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019, photo by Kevin Lamarque/Reuters

    Commentary

    How Not to Confront China

    There are several key reasons why current U.S. policy toward China may not help advance America's competitiveness or enlist much support abroad. Most notably, the administration has yet to explain what it ultimately hopes to accomplish.

    Sep 23, 2019

  • China and USA relations concept, photo by Rawf8/Getty Images

    Commentary

    Beyond Hawks and Doves: A Better Way to Debate U.S.–China Policy

    The best long-term outcome for U.S.–China relations may be one in which inexorably intensifying competition coexists with occasionally fruitful cooperation. It is not the most inspiring result, to be sure, but it is preferable to unconstrained antagonism.

    Sep 20, 2019

  • Loading cargo onto a container ship in Istanbul, Turkey, photo by Czgur/Getty Images

    Report

    Potential Benefits of Economic Integration in the Levant

    A comprehensive free trade agreement among six of the core Levant nations—Egypt, Iraq, Jordan, Lebanon, Syria, and Turkey—could increase their average gross domestic product by 3 to 7 percent. It could also reduce regional unemployment rates by 8 to 18 percent.

    Sep 16, 2019

  • Tool

    The Levant Economic Integration Calculator

    This online tool allows policymakers and the public to examine how a comprehensive free trade agreement among the countries of the Levant could create significant new economic opportunities, substantially reducing regional unemployment.

    Sep 16, 2019

  • Globe map on grunge texture, photo by caracterdesign/Getty Images

    Commentary

    Time to Return to the Basics of Statecraft

    After two decades of setbacks abroad, it's time to ask whether the decline in American influence is irreversible. Ultimately, neither China nor Russia is responsible for these difficulties. Washington's failures have been self-inflicted, the result of flawed policy rather than any decisive shift in the global balance of power.

    Sep 4, 2019

  • U.S. Secretary of State Mike Pompeo, Micronesia President David Panuelo, Marshall Islands President Hilda Heine, and Palau's Vice President Raynold Oilouch hold a news conference, Kolonia, Micronesia, August 5, 2019, photo by Jonathan Ernst/Reuters

    Commentary

    Maintaining the U.S. Edge in the Freely Associated States

    In the geo-strategically vital region of the Freely Associated States (FAS), China is increasingly competing with the United States for influence. The United States and its allies and partners will need to engage not only with economic aid, but also with other issues including health, economic development, natural disasters, climate change and illegal fishing to sustain a strong partnership with the FAS.

    Sep 3, 2019

  • The U.S. Navy's guided-missile destroyer USS William P. Lawrence transits international waters of the South China Sea with ships from India, Japan, and the Philippines, May 5, 2019, photo by Japan Maritime Self-Defense Force

    Report

    The Thickening Web of Asian Security Cooperation

    Key U.S. allies and partners in the Indo-Pacific have been strengthening their defense ties with regional actors over the past two decades. To what extent is this a response to the perceived threat of a rising, assertive China? And how will these new commitments affect the United States?

    Aug 29, 2019

  • Shipping containers at the port in San Pedro, California, March 22, 2018, photo by Bob Riha Jr./Reuters

    Commentary

    Trump's Tariffs Against China Aren't Working. And There's No Quick Resolution in Sight

    Washington's go-it-alone approach to its trade disputes with China is imposing a high and growing cost on the U.S. economy. It could even threaten global prosperity. What's more, there's no quick resolution in sight.

    Aug 20, 2019

  • A typical communist style statue in the capital city of North Korea, photo by alexkuehni/Getty Images

    Commentary

    Searching for Signs of Doi Moi in North Korea

    President Trump's second summit with Kim Jong Un prompted voluminous commentary about whether Pyongyang might adopt the “Vietnam model” of economic reform and opening up, known as doi moi. Some version of doi moi is not impossible in North Korea, but it will likely be more difficult than it was in Vietnam and made all the more so by Kim's reluctance to risk losing absolute control.

    Aug 12, 2019

  • Aerial view of islands in Palau, photo by Lightning Strike Pro/Adobe Stock

    Report

    America's Pacific Island Allies

    Micronesia, the Marshall Islands, and Palau are subject to growing Chinese influence. U.S. funding to and engagement with these Pacific Island nations are key to America's defense and foreign policy goals.

    Aug 6, 2019

  • Journal Article

    Business Cycles and Admissions to Substance Abuse Treatment

    The relationship between business cycles and health is theoretically complex. In a seminal paper, Ruhm (2000) outlined a series of economic mechanisms through which business cycles may influence health.

    Aug 6, 2019