Arthur MacEwan

Arthur MacEwan is professor emeritus of economics at the University of Massachusetts Boston.

66 articles (Page 6)

Dear Dr. Dollar:

Each year the U.S. has huge trade imbalances, especially with Asian countries. How can we keep having these trade deficits without any apparent ill effect on our economy? Will we eventually no longer be able to do this? —David J. Harrowe, Chandler, Ariz.

Dear Dr. Dollar:

The media constantly report that "there is a growing disparity of wealth," and as far as I know this is true. But I would like to know why I should care. For all those who say it is important, I have a simple question: Would you rather live in a country where the poorest 20% average $10,000 while th

Dear Dr. Dollar:

It’s conventional wisdom that when wages go up, as in the case of a union campaign or minimum wage increase, prices go up. My guess is that if the owners could have raised the prices, they would have already. What is the right answer? —Jeffrey Trivers, New Orleans

Dear Dr. Dollar:

Why do companies compensate CEOs with such high salaries and bonuses? Do the CEOs themselves decide on their pay? Isn't it always said that no one is indispensable? —Gwen Nottingham, Laurel, Montana

Dear Dr. Dollar:

We’re hearing the economy is so good. We’re hearing that there’s plenty of jobs around and wages are up. But I’m not so convinced things are so great. The middle class is shrinking. Underemployment is up, and people don’t have health care. What’s the story? —Bruce Boccardy, Allston, Mass.

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