Economics

Curious about capitalism, the monetary system or white collar crime? Check out these articles. The Economics Channel defines and explores economic terms and controversies.

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How to Start a Non-Profit Organization

So, are you finally ready to quit the 9-to-5 corporate grind and save the world? Here's all you need to know about starting your own nonprofit organization.

10 Most Expensive Presidential Perks

The U.S. president rakes in a salary of $400,000 and lives in a 132-room mansion. With a full-time pastry chef and a private cinema at his disposal, the leader of the free world wants for nothing. But which perks are the priciest?

10 Costly Food Recalls

We can't live without food. But sometimes instead of nourishing our bodies, it can actually kill us. And it's no cheap (or easy) task to get that food off the market. These are 10 of the biggest food recalls in history.

What is the lipstick indicator?

When you want sound financial advice, you probably don't think to consult the woman selling $30 tubes of lipstick at the cosmetics counter. But could she have a better handle on the whims of the economy than your CPA does?

How Ponzi Schemes Work

Ponzi schemes may not seem so bad. You invest some money, and when more people join, you get your investment back -- plus returns. The problem? For one, these schemes are illegal. And you only win if you're not in the bottom rung.

How Narco States Work

How do illegal drugs reach consumers without detection? There are points -- known as narco states -- along the world's drug supply chain where illegal substances are bought and sold with governmental approval.

Money Scam Pictures

Money scams have been separating people from their cash for hundreds of years. In this gallery, see some of the most ruthless scams of the 20th and 21st centuries, and learn what you can do to protect yourself.

Does trickle-down economics apply to a down market?

It's a pretty simple idea: Whatever revenue wealthy citizens generate will eventually trickle down to the lower classes. But it's tough to find the logic in the theory of trickle-down economics when mainstream America is going hungry and the upper cr

How White-collar Crime Works

Sure, the guy or gal in the modest business suit seems as honest as Abe. You think you could trust him or her with your life. But could he or she be skimming the books or dabbling in other forms of white-collar crime?

How Trickle-down Economics Works

Want to get a debate going? Ask a group of politicians if trickle-down economics really works. For a few centuries now, theorists have been postulating that giving society's top earners tax breaks will help the lower classes in the long run. Think it

Is Black Friday the biggest shopping day of the year?

Waiting in endless checkout lines can make Scrooges out of the cheeriest holiday shoppers. Many of us brave the mall mayhem to be part of the Black Friday rush. But to retailers' chagrin, most of us are browsing and not buying on this storied day.

How Labor Scabs Work

They range from factory workers to plumbers to professional athletes. Labor scabs -- sometimes under threat of bodily harm -- fill jobs when union workers go on strike.

Corporation Pictures

Our corporation image gallery traces the evolution of our economy from manufacturing to modern global competitors. Take a look at the issues and ethical practices surrounding the modern corporation.

How does oil speculation raise gas prices?

Before most people were even aware there was an economic crisis, investment managers looked for lucrative investments. What they settled on was oil futures, and those futures brought speculation.

Is a free market "free" if it's regulated?

In the type of free market Adam Smith, father of capitalism, imagined, markets would correct themselves in the face of recession by weeding out weak businesses and individuals. Why bail out bad failing business, then?

What are credit default swaps?

In the credit default swaps (CDS) market, the health of multinational banks and corporations -- and the portfolios of untold individuals -- are at stake. What's more, the market is entirely unregulated. So how much damage can CDSs really cause?

How will the U.S. government spend the $700 billion bailout funds?

There's no disputing the fact that $700 billion is a lot of money, but there's been plenty of argument over a proposed government bailout plan. Will this plan save the flailing U.S. economy?

How can mortgage-backed securities bring down the U.S. economy?

If you've picked up a newspaper lately, then you're aware of the economic troubles raging on Wall Street. But the culprit may very well be in your own neighborhood: Are mortgage-backed securities to blame for the mess?

Recession Pictures

It may not be pretty, but recessions affect us all. So how do they occur? Trace the economy's path in the 21st century from subprime collapse to the mortgage crisis to the credit market crisis.

How Pyramid Schemes Work

Here's a great investment opportunity: All you have to do is get five friends to sign up. When they pay to join in, you get paid. Sound too good to be true?

Does campaign finance reform restrict free speech?

Even with fundraising restrictions, in the 2008 United States presidential election it's estimated that candidates will spend more than $3 billion on advertising. Yet many people argue that campaign finance reform restricts free speech.

Does your credit card company want you to stay in debt?

You just got your tax refund, and you want to do the right thing and eliminate debt. But why doesn't your credit card company want you to pay down your balance?

How Bartering Works

Imagine a world without cash or credit cards. You'd barter to get what you need and want. Today, people and businesses are still trading goods and services. But can these cash-free transactions be taxed?

How Predatory Lending Works

In 2007 and 2008, foreclosures became a hot news topic. But is the crisis the fault of the home buyer, or is the lender to blame?

What is glocalization?

Ever wonder why your favorite restaurant from back home offers a completely different menu abroad? This is called glocalization -- global organizations adapting expansive products to fit local markets.


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