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.

  • Israel's Prime Minister Benjamin Netanyahu, U.S. President Donald Trump, and UAE Foreign Minister Abdullah bin Zayed sign the Abraham Accords in Washington, September 15, 2020, photo by Tom Brenner/Reuters

    Report

    The Abraham Accords Could Have Wide-Reaching Economic Benefits

    Mar 18, 2021

    The Abraham Accords between Israel and Muslim nations represent a possible new chapter in the region's development—away from conflict and toward a shared vision of economic prosperity. Israel's partners could gain 150,000 new jobs. And that could grow to 4 million new jobs over a decade if other nations join.

  • Game pieces atop stacks of coins of various heights, depicting income inequity, photo by Andrii Zastrozhnov/Getty Images

    Research Brief

    A New Approach to Measuring Income Inequality

    Apr 30, 2021

    A new method for measuring income inequality reveals that, from 1975 to 2018, the only group for which actual income gains exceeded U.S. GDP growth was the group near the 99th percentile of income distribution.

Explore Economics

  • Shipping containers at a port in Shanghai, China, July 10, 2018

    Commentary

    The U.S.-China Trade War: Different Messages

    The trade war between the United States and China began with the notification of tariffs on $34 billion of traded goods on each side. Officials on both sides of the Pacific are using different messages to convey the dispute. What are the real impacts likely to be?

    Jul 20, 2018

  • The Christophe de Margerie (R), an ice-class tanker fitted out to transport liquefied natural gas, is docked in Arctic port of Sabetta, Yamalo-Nenets district, Russia March 30, 2017

    Commentary

    Cooperation in the Arctic Likely to Continue—For Now

    Risks for serious tensions in the Arctic during the 2020s are likely to be overstated. Key players in the Arctic appear likely to continue working together to enhance the economic potential of the region and resolve conflicts before they emerge, as opportunities in the Arctic continue to grow.

    Jul 12, 2018

  • A stethoscope on top of 20-pound Bank of England notes

    Commentary

    Tax Funding of Health and Social Care Internationally: Does Hypothecation Help?

    The case for raising much more money to pay for health care and social care in the United Kingdom over the next few years is strong. Earmarking taxes for public funding of health care or social care is worth consideration.

    Jul 10, 2018

  • Journal Article

    Journal Article

    Identifying Options for Funding the NHS and Social Care in the UK: International Evidence

    As part of a larger project identifying feasible options for the future funding of health & social care in the UK, this paper explores how 16 high-income countries have implemented changes to their funding systems to better meet the challenges ahead.

    Jul 10, 2018

  • U.S. President Donald Trump shakes hands with Russia's President Vladimir Putin during their bilateral meeting at the G20 summit in Hamburg, Germany, July 7, 2017

    Commentary

    Trump and Putin Should Start Small at Helsinki Summit

    Donald Trump and Vladimir Putin will hold their first formal summit on July 16. Their agenda will likely include the main sources of strain in relations, but they might find it easier to make concrete progress if they start with lower-profile issues as Mikhail Gorbachev and Ronald Reagan did at their first summit.

    Jul 2, 2018

  • Turkish and Israeli flags fly atop the Turkish embassy in Tel Aviv, Israel, June 26, 2016

    Report

    Israeli-Turkish Ties Face Formidable Challenges

    Israel and Turkey have mutual economic interests, such as trade, tourism, and energy. The two countries have usually been able to separate these interests from their political differences, but current relations remain contentious. Israel and Turkey differ on the Israeli-Palestinian conflict and the future of Syria.

    Jun 27, 2018

  • Chinese President Xi Jinping speaks as China's new Politburo Standing Committee members meet with the press at the Great Hall of the People in Beijing, China, October 25, 2017

    Commentary

    Book Review: Elizabeth Economy's The Third Revolution

    The United States' attitude towards China is undergoing a significant recalibration, perhaps the most fundamental since Beijing's crackdown at Tiananmen Square almost three decades ago. Harnessing its resurgence while tempering its revisionism will likely be Washington's most vexing long-term policy challenge.

    Jun 26, 2018

  • World flags

    Commentary

    The Need for Superpowers to Embrace a Vision of World Affairs

    A superpower promotes a conception of world affairs that attracts others, enabling it to advance its objectives and amplify its values far more than it could on its own. Washington has a significant edge over Beijing in this regard.

    Jun 21, 2018

  • Japan's Defence Minister Itsunori Onodera, U.S. Secretary of Defence Jim Mattis, and Australia's Defence Minister Marisa Payne meet on the sidelines at the IISS Shangri-la Dialogue in Singapore, June 2, 2018

    Commentary

    The Quad: Second Verse, Same as the First?

    Members of “the Quad”—an informal collaborative arrangement among the United States, Japan, India, and Australia—have proven incapable of adopting either a shared understanding of or unified policies toward China.

    Jun 15, 2018

  • G7 leaders take part in a working session on the first day of the G7 meeting in La Malbaie, Quebec, Canada, June 8, 2018

    Commentary

    Why Russia Should Not Rejoin the G7

    Even were it to disgorge the parts of Ukraine that it seized in 2014, Russia still would not qualify for reentry into the G8. An aspirational case for Russian membership might be made, but only if Russia's leadership aspires to democratic government and an open free market economy. At the moment there is no sign of such an aspiration.

    Jun 13, 2018

  • A woman looks at ribbons bearing messages wishing for the unification of two Koreas that decorate a barbed-wire fence near the demilitarized zone separating the two Koreas in Paju, South Korea, May 24, 2018

    Commentary

    Difficulties Integrating North Korean Defectors Suggest Challenges in Reunifying Korea

    Despite expansive government aid, North Korean defectors in South Korea remain a nation within a nation, co-existent yet separate. If South Korea cannot fully adopt and assimilate 30,805 North Korea defectors, how will South Korea ever embrace roughly 25 million North Koreans in the event of reunification?

    Jun 11, 2018

  • British police on patrol during an increase in security after terrorist threats to the UK, York, UK, July 4, 2017

    Journal Article

    Terrorism Cost the EU €180 Billion Between 2004 and 2016

    Terrorism cost the EU about €180 billion in GDP between 2004 and 2016. Terrorist attacks can produce a range of psychological effects that may lead people and companies to change their economic behaviors. Such changes could be the reason behind the loss in GDP.

    Jun 6, 2018

  • U.S. President Donald Trump signs a proclamation declaring his intention to withdraw from the JCPOA Iran nuclear agreement in the Diplomatic Room at the White House in Washington, D.C. May 8, 2018

    Commentary

    Assessing Transatlantic Fallout After the U.S. Withdrawal from the Iran Nuclear Deal

    The U.S. withdrawal from the Iran nuclear deal has set off another round of reflection on the state and future of the transatlantic alliance. Though this dispute may not in itself lead to a full breach in the transatlantic relationship, it joins a growing list of sharp disagreements impacting U.S. alliances.

    May 31, 2018

  • Iranian flag

    Commentary

    Regime Appears Fragile as Iranians Turn Much of Their Ire Inward

    Economic hardship is fueling unrest in Iran. New sanctions stemming from the U.S. withdrawal from the nuclear deal may exacerbate already difficult conditions. Now might be the time to exert maximum pressure on the regime in an effort to bring Tehran back to the negotiating table.

    May 21, 2018

  • China's flag made over digital tiles

    Report

    China's Role in the International Order

    China's engagement with the postwar order remains a complex, often contradictory work in progress. China will likely demand more influence in the international system as a condition for its support. What will this mean for U.S. policy?

    May 21, 2018

  • World flags

    Commentary

    Book Review: The Sovereignty Wars by Stewart Patrick

    “Sovereignty” is a complicated, multifaceted construct. The Sovereignty Wars is a timely and meticulous effort by author Stewart Patrick to clarify that concept, whose usage is a matter of both analytical interest and policymaking import.

    May 17, 2018

  • Collage of public policy subject matter

    Brochure

    RAND's Most Influential Research from 70 Years Working in the Public Interest

    Over its 70-year history, RAND has continuously demonstrated that rigorous research and analysis can help address some of the world's most challenging problems.

    May 14, 2018

  • Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California, U.S., April 4, 2018

    Commentary

    Do States Need Their Own Trade Policies?

    Now would not be the first time California's business and trade interests haven't aligned with those of Washington. While it's the federal government, not California, that sets American trade policy, there are steps those in California could consider in order to optimize for trade opportunities abroad.

    May 13, 2018

  • U.S. President Trump just before signing a proclamation declaring his intention to withdraw from the Iran nuclear agreement, May 8, 2018

    Commentary

    The Strategic Fallout of U.S. Withdrawal from the Iran Deal

    President Trump withdrew from the Iran nuclear agreement. What will happen next? Friction between the United States and its European allies will likely increase, while Iran moves closer to China and Russia. Also, the resentment of a new generation of Iranians toward America is likely to grow.

    May 10, 2018

  • News Release

    News Release

    3D Printing Could Disrupt Labor Markets and National Security

    While advances in additive manufacturing offer potential breakthroughs in prosthetic arms, jet engine parts, and a host of other products, 3D printing, as it is known, may also disrupt traditional labor markets and exacerbate existing security threats from violent actors.

    May 9, 2018