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.

  • U.S. Senate Majority Leader Mitch McConnell and U.S. Senate Minority Leader Chuck Schumer meet with Treasury Secretary Steve Mnuchin to wrap up work on coronavirus economic aid legislation, Washington, D.C., March 20, 2020, photo by Mary F. Calvert/Reuters

    Q&A

    The Economic Wallop of COVID-19: Q&A with RAND Experts

    Mar 26, 2020

    As Washington continues to weigh economic responses to the COVID-19 pandemic, here are insights from RAND experts on how aid money might be best allocated, how this crisis compares to the 2008 recession, what business communities can do right now, and more.

  • People wait in line to file for unemployment following an outbreak of COVID-19 at an Arkansas Workforce Center in Fort Smith, Arkansas, April 6, 2020, photo by Nick Oxford/Reuters

    Commentary

    Millions Need Unemployment Benefits. Unfortunately, the Delivery System Is Broken

    Apr 6, 2020

    More than 10 million Americans filed for unemployment insurance in March as businesses closed in response to the COVID-19 pandemic. Washington's stimulus package enacted welcome measures to tide people over, but these temporary fixes don't address some serious structural problems.

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