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

  • Journal Article

    Public Acceptability of Health and Social Care Funding Options: Funding Options for the NHS and Social Care in the UK

    An assessment of how popular different funding approaches for the NHS and social care are among the general public, as part of a wider study on feasible options for the future funding of health and social care in the UK.

    Feb 20, 2019

  • A view of the cargo terminal of the Standard Gauge Railway line constructed by the China Road and Bridge Corporation and financed by the Chinese government, Nairobi, Kenya, May 31, 2017, photo by Thomas Mukoya/Reuters

    Commentary

    The Little-Known Security Gaps in China's Belt and Road Initiative

    China's Belt and Road Initiative focuses on developing infrastructure to connect Beijing to key hubs of economic activity throughout the world. But the more interests one has abroad, the more one has to protect.

    Feb 18, 2019

  • UN Special Envoy for Syria Geir O. Pedersen shakes hands with China's President Xi Jinping as King Harald of Norway looks on during a visit to China, October 16, 2018, photo by NTB Scanpix/Heiko Junge via Reuters

    Commentary

    The U.S. Withdrawal from Syria Is an Opportunity for China

    The U.S. withdrawal from Syria could allow Beijing to further assert its role as a key international partner in Syria and, by extension, further its interests in the Middle East. The extent of Sino-Syrian cooperation remains ambiguous but it has reportedly deepened, with China supplying intelligence personnel, strategic advisors, and special forces.

    Feb 15, 2019

  • Russian President Vladimir Putin attends a business forum, Delovaya Rossiya, in Moscow, Russia, February 6, 2019

    Commentary

    Russia Chooses Paupers as Partners, with Questionable Benefit

    By leveraging the efficiencies of globalization and cultivating ties with prosperous partners, Russia could increase its economic potential and improve living standards for its people. And by engaging more positively with the world, it could gain influence in the forums that matter, such as the G20 and multilateral institutions.

    Feb 14, 2019

  • Georgian Prime Minister Giorgi Kvirikashvili and Armenian Prime Minister Nikol Pashinyan review the honour guard at a welcoming ceremony in Tbilisi, Georgia, May 30, 2018

    Commentary

    Democratic Bright Spots in the South Caucasus

    Democratic bright spots are emerging in Armenia and Georgia despite their being wedged between less-than-democratic regional powers. Both countries seek to consolidate democratic gains and overcome poverty while managing daunting challenges from Russia and separatist conflicts. While pursuing these priorities, the countries deserve continued, strong Western support.

    Jan 23, 2019

  • Fred Pardee attending a Pardee RAND Graduate School Board of Governors meeting on March 28, 2014

    Content

    Fred Pardee: Making a Difference

    Fred Pardee grew up in the shadow of World War II and has spent his life supporting the cause of human dignity and development around the world. He has given more than $22 million over his lifetime to RAND and the Pardee RAND Graduate School to support research on some of the world's most pressing problems.

    Jan 18, 2019

  • U.S. President Donald Trump arrives to deliver remarks on the United States-Mexico-Canada Agreement (USMCA) at a news conference in the Rose Garden of the White House in Washington, U.S., October 1, 2018

    Commentary

    The End of the End of History?

    The Trump administration has taken steps that represent a significant retreat from the norm-based, world order that the United States has championed since 1945. If this shift continues, what might be the impact?

    Jan 8, 2019

  • Pardee RAND students shared their Tech Lab Pilot projects during a 2017 open house

    Essay

    Pardee RAND Reimagines the Future of Public Policy Problem Solving

    The Pardee RAND Graduate School is taking a new approach to public policy education. Three new streams of study and action will better align with today's policy needs. Faculty and students will shift the focus from coming up with solutions to actually implementing them.

    Jan 7, 2019

  • Two people shaking hands over a table with flags

    Commentary

    Economic Officers for the Future

    Economic officers must be, first of all, accomplished political officers. They should also have all the reporting, public speaking, and representational skills of any political or public diplomacy officer, coupled with a strong understanding of economic issues.

    Jan 7, 2019

  • Chinese President Xi Jinping meets former U.S. Secretary of State Henry Kissinger at the Great Hall of the People in Beijing, China, November 8, 2018

    Commentary

    Engagement vs. Competition: The China Policy Debate

    There is a consensus that the U.S. is engaged in an intensifying strategic competition with China. It's less clear what relationship the U.S. should seek and can plausibly achieve with its competitor. An inability to classify China along the ally-to-adversary continuum limits, if not precludes, America's ability to formulate a coherent strategy.

    Dec 31, 2018

  • Journal Article

    Research, Innovation and Economic Growth: R&D Policy Reforms and Strategies

    An assessment of the impact of five policy areas on research & development productivity. The study also developed a new model to better understand the link between research and innovation, employment and growth.

    Dec 20, 2018

  • A 3D rendering of a chess board on a globe

    Report

    What Does the Emerging Era of International Competition Look Like?

    There is a general expectation of a new era of strategic competition, characterized by growing rivalry in the political, economic, and military spheres. But there is no consensus on what that means or what forms it could take. Theory and history can shed light on the coming era.

    Dec 19, 2018

  • Dissertation

    Three Essays in Health Economics: Towards Alternative Payment Models for High-Value, High-Cost Medical Treatments

    Tests how two different payment models could help address the uncertainty about clinical benefits and the high upfront cost of some emerging therapies.

    Dec 17, 2018

  • U.S. President Donald Trump, U.S. Secretary of State Mike Pompeo, U.S. President Donald Trump's national security adviser John Bolton and Chinese President Xi Jinping attend a working dinner after the G20 leaders summit in Buenos Aires, Argentina, December 1, 2018

    Commentary

    The Trump-Xi Meeting at G-20: Kicking the Can Down the Road

    Much was expected of the discussion at the 2018 G-20 meeting in Buenos Aires between the United States and China on their ongoing trade war. However, nothing of significance emerged. With signs of a global economic slowdown surfacing earlier than expected, the failed outcomes of this meeting could come back to haunt world leaders.

    Dec 14, 2018

  • Journal Article

    Economics of Vulnerability Disclosure

    This study serves as a follow up to the 2015 ENISA Good Practice Guide on Vulnerability Disclosure and seeks to provide a glimpse into the economics, costs, and incentives related to discovering and disclosing vulnerabilities.

    Dec 14, 2018

  • Chess pieces with U.S. and China flags superimposted on world map background

    Commentary

    Is This the Beginning of a New Cold War?

    It has become increasingly common for observers of world affairs to contend that the United States and China have either entered into or are poised to embark on a new Cold War. While the contours of a long-term contest between Washington and Beijing are undoubtedly forming, especially in the economic realm, the analogy is problematic.

    Dec 12, 2018

  • British Prime Minister Theresa May meets with European Commission President Jean-Claude Juncker to discuss Brexit, at the European Commission headquarters in Brussels, Belgium, December 11, 2018

    Commentary

    The UK Can't Have Its Brexit Cake and Eat It Too

    If the UK wishes to negotiate free-trade deals around the world, it has to either rebuild a border in Ireland or put up a customs border between Northern Ireland and the rest of the UK. If it crashes out of the EU with no agreement, the economic costs are the highest and border chaos is likely.

    Dec 11, 2018

  • Two people checking data on their smart watches while exercising outdoors

    Report

    Can a Wellness Program Incentivize Exercise with an Apple Watch?

    Discovery Insurance offers customers the opportunity to receive an Apple Watch up front, with repayment dependent on their level of physical activity. Compared with a traditional wellness incentive program, this option was associated with higher physical activity levels that persist over time.

    Nov 27, 2018

  • The Ilyushin Il-96 aircraft transporting expelled Russian diplomats and their family members from the U.S., shortly after landing at Vnukovo airport outside Moscow, Russia, April 1, 2018

    Commentary

    Effective Responses to Russian Misbehavior

    Sanctions on Russians can be a powerful and effective tool, but in some cases there is a risk of spillover damage to other United States interests. It is worth considering whether America's interests may be best served by ensuring that penalties applied to Russia for misbehavior hit home against those responsible for it.

    Nov 20, 2018

  • Japan's Prime Minister Shinzo Abe addresses the 73rd session of the United Nations General Assembly at the U.N. headquarters in New York, September 25, 2018

    Commentary

    Japan's Chance to Shine?

    Japan may never be a global leader in a way comparable to the United States. But Tokyo does have the power to provide leadership that will sustain key elements of the crumbling international order.

    Oct 30, 2018