Economics
Raise the Tax Rate, Collect Less Tax: The Laffer Curve
The Laffer Curve is a hill-shaped graph showing that tax revenue is zero at both a 0% and a 100% tax rate, so some rate in between brings in the most. This article covers its napki
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810 articles found
Economics
The Laffer Curve is a hill-shaped graph showing that tax revenue is zero at both a 0% and a 100% tax rate, so some rate in between brings in the most. This article covers its napki
Journalism & communication
Why is the press called the “fourth estate”? This article traces the phrase from the three estates and the press gallery of the British Parliament to Macaulay, Carlyle, and the Bur
Statistics
What confidence levels and confidence intervals mean and how they differ, how a confidence interval is calculated from the sample mean, standard error, and critical value, how they
Education
Learning is an essential process for the continuous growth and development of individuals and society. Improving the efficiency and effectiveness of learning requires a deep unders
Journalism & communication
Why do we feel that we are fine and only other people are swayed by the media? This article explains the third-person effect and Davison's classic hypothesis, self-enhancement and
General knowledge
Chesterton’s Fence is the principle that you shouldn’t remove a rule or custom until you understand why it exists. This piece covers its origin in G. K. Chesterton’s 1929 essay, th
Food & nutrition
Fresh rice turns hard in the fridge, and bread grows crumbly over days—because of starch retrogradation. This article explains gelatinization and retrogradation, the conditions tha
Chemistry
Avogadro’s number is the number of particles in one mole of a substance, about 6.02 × 10²³. This piece explains what it means, ways to grasp its size, how Avogadro, Cannizzaro, Los
Earth science
Auroras are among the most beautiful and mysterious natural phenomena that color Earth's night sky. This light show, observed mainly in the skies near the North and South Poles, ha
Journalism & communication
Parasocial interaction is the one-sided sense of face-to-face closeness we feel with media figures who don’t know us. This piece covers Horton and Wohl’s 1956 concept, the differen
Tourism studies
A duty-free shop sells goods to travelers leaving the country without customs duties or value-added tax. This article covers how duty-free shops began, why they can drop taxes, the
Information technology
The Two Generals’ Problem is a thought experiment showing that, over a channel where messages can be lost, two parties can never be completely certain they have agreed to act toget