Lots of countries have great constitutions, but their leaders have a practice of ignoring the rules whenever they feel like it. Adam Davidson constitutioncountryfeel Change image and share on social
There is such a polarized discussion of economics among people like analysts, columnists, bloggers; often, they end up just saying that views other than their own should not even be discussed. I find that frustrating. There is no intellectual progress without considering lots and lots of different views. Adam Davidson analystbloggercolumnist share on social
The America that I think most Americans would want, most economists on the right or left would want, is one in which a smart, ambitious, hardworking person without a huge amount of resources has a pretty good shot, in the end, of beating out a less smart, less ambitious, less hardworking rich person. Adam Davidson ambitiousamericaamerican share on social
Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later. Adam Davidson accountbondconsumption Change image and share on social
Unlike physics, economists don't settle things. There seems to be plenty of room for different conclusions that are still accepted in the academy. Adam Davidson academyacceptconclusion Change image and share on social
A majority of Americans support Social Security and Medicare, a progressive tax system and a government that regulates business in the public interest, but most share deep skepticism about the government's ability to do all this well. Adam Davidson abilityamericanbusiness share on social
Happiness quantification sounds a bit wishy-washy, sure, and through a series of carefully administered surveys across the globe, economists and psychologists have certainly confronted a fair number of sticky issues around how to measure, and even define, happiness. Adam Davidson administerbitecarefully share on social
Perhaps concentrated wealth will inspire a nation of innovative problem-solvers. But if the view of many economists is right - that it sometimes discourages innovation - then we should worry. Adam Davidson concentratediscourageeconomist Change image and share on social
Holiday binge-buying has deep roots in American culture: department stores have been associating turkey gluttony with its spending equivalent since they began sponsoring Thanksgiving Day parades in the early 20th century. Adam Davidson 20thamericanassociate share on social
The idea of confidence, of the emotions of the population, is an incredibly important one in economics. John Maynard Keynes called it 'animal spirit.' And if people are feeling generally good about the future, they're more likely to spend money, to start new companies; companies are more likely to hire people, make investments. Adam Davidson animalcallcompany share on social