article thumbnail

How Generous Unemployment Support Helps The Economy

The Horizons Tracker

A recent study from the University of Chicago Booth School of Business attempted to answer this question by analyzing how expanded unemployment insurance affects aggregate demand for goods and services in an economy. This reduction was driven by two channels.

article thumbnail

The More Climate Skeptics There Are, the Fewer Climate Entrepreneurs

Harvard Business Review

But how does the presence of climate skeptics affect the market for climate-related innovation? The higher the market demand for a drug, the greater the probability that at least one drug maker conducts basic research. To reduce flood damage to real estate, we will need architectural innovations. and in developing nations.

article thumbnail

What the U.S. Economy Needs More Than Manufacturing

Harvard Business Review

He also mentioned a plan for some sort of a stimulus to technological innovation, starting these manufacturing centers [like the one in Youngstown, Ohio]. But a jobs strategy has to be based on aggregate demand throughout the economy. That will make a contribution marginally, in my view. But a lot of them will be in services.

Price 8