With all that’s happened in the economy during the last four years, are economists reassessing some of their basic ideas about how the economy works? N.C. State University professor Mike Walden, who has taught economics for more than one-third of a century, weighs in.
Next to jobs, inflation is perhaps the biggest economic concern of households. Do recent statistics indicate we have anything to worry about with inflation? N.C. State University economist Mike Walden responds.
Tobacco, textiles, and furniture were the leading economic sectors in our state for almost a century, but over the past 30 years they have grown smaller and been replaced in their prominence by industries like banking, food processing and technology. N.C. State University economist Mike Walden considers the question of whether we are still seeing employment losses in the former Big Three sectors.
Climate change is a controversial world issue that has generated intense disagreements. N.C. State University’s Mike Walden considers some of the economic options for addressing it.
Economics is a discipline about helping people, businesses and governments make decisions about the best use of their resources. To make better decisions, do economists recommend the complete remake, or baby steps? N.C. State University economist Mike Walden responds.
Every quarter the Federal Reserve releases an update on the wealth situation for households. N.C. State University economist Mike Walden gives highlights from the latest report.
For a long time the United States has been dependent on other countries for our energy needs, bBut there are indications that this is slowly changing. N.C. State University economist Mike Walden explains.
The Census Bureau has developed a new poverty measure that accounts for how households spend their money. Spending on necessities like healthcare is now recognized. How does this change affect the poverty numbers? N.C. State University economist Mike Walden explains.
Many programs to assist households who face various problems rely on direct giving by people in businesses. And N.C. State University economist Mike Walden says a struggling economy adversely affects this giving.
One way of looking at the current economy is that it’s the reverse image of a decade ago. Then, rising home values allowed households to increase both their debt and spending. Now, with home values lower, many families have had to tighten their belts and become much more frugal spenders. N.C. State University economist Mike Walden looks at evidence supporting this viewpoint.