Two Minnesotans, economist Walter Heller and Sen. Hubert Humphrey, helped determine the way the law is applied today.
Macro, Micro, Minnesota analyzes the big stories in the news through the lens of economics. It is written by College of Saint Benedict and Saint John’s University professor Louis D. Johnston.
In May, Minnesota’s unemployment rate rose from 8.7 percent of the labor force to 9.9 percent of the labor force. Let’s look at what that means.
After much of Plymouth Avenue was destroyed by an uprising in 1967, one Minnesota corporation committed to investing in north Minneapolis.
With its diversified economy, Minnesota’s economy has once again proven to be more resilient in the face of recession than the national economy as a whole.
Yes, it’s possible to oppose Trump’s tariffs and support raising Minnesota’s gas tax.
A grocery bag fee probably would reduce their use — but that has some side effects.
Minnesota grew faster than the national average during the 1950s and 1960s and passed the national average in per-person income in 1973, when Gov. Wendell Anderson appeared on TIME’s cover.
Current political debates about immigration rarely place the issues at hand into a broader, historical context.
Trade policy will always create winners and losers. The key is to mitigate the harms to the losers.
Trump and economic adviser Larry Kudlow want to draw us over to Bizarro World.
The Fed bases its decision on one theory of the relationship between unemployment and inflation. But that theory may be wrong.
Reads on economic misunderstandings, the sources of Western prosperity, and slavery in the modern world.
Advocates for tariffs need to answer two important questions.
With better employment growth and a slightly lower decline in wages, Minnesota outperformed its neighbors in the upper Midwest.
Minnesota’s slower growth has an explanation in economic theory — and it’s got nothing to do with taxes or regulation.
We should require from all of our candidates: specific goals with mainstream, realistic economic policies to meet them.
Market failures aren’t just limited to things like national defense.
The UK votes in a week on whether or not to remain in the European Union.
Minnesota’s budget outlook is cloudy. More legislating won’t help.