Economics is the social science that studies the production, distribution, trade, and consumption of goods and services. Economics uses a mix of psychology, mathematics, experiment, and analysis to predict and understand economies.


Wealth and Income Inequality

We explain economic inequality from a historical perspective, and then consider the effects of wealth inequality and income inequality in America today.


The United States of America is a Democracy Fact

The United States is a Constitutional Federal Republic (a federation of states with a Representative Democracy). Despite a strong democratic tradition, the U.S. is not a “Direct Democracy” (where people vote on laws directly*).


The Point of Life is Happiness

We present a discussion on “the meaning of life as happiness,”the Greatest Happiness Theory,” “the Good Life,”the Pursuit of Happiness,” and Virtue Theory.



People With More Money Save More Fact

On average, those with more money save more, in both the short-term and long-term, while those with less money spend more and extend themselves on credit.


Velocity of Money Explained

Velocity of Money is a measure of money exchanged over time, typically how often and quickly the average dollar is exchanged per day.





Money Can Buy Happiness Fact

Money can buy happiness in some ways, and cause unhappiness in others, studies have shown that different types of wealth and income affect happiness and unhappiness in a variety of ways.