Here is a list of economic and political questions that I have come up with over time, and wish to potentially solve one day, or learn about from others. Some of these may be unsolved, though I am not completely sure!
- Is the economic growth or stability of an economy affected by the percentage of the GDP that is made up of government expenditure, with all other things remaining consistent? If so, then what is the equilibrium amount of government expenditure as a percentage of the GDP that leads to the most economic growth or stability?
- Is the economic growth or stability of an economy affected by how equal or unequal the income or wealth distribution is? If so, then is there an equilibrium point for how evenly distributed the income or wealth distribution is that leads to the most economic stability or growth?
- Is the ‘trickle-up theory’ or the ‘trickle-down theory’ true? Could they both be true? Does one lead to more economic growth, stability, then the other? Could they both be equally important?
- Is there a universal underlying factor behind how or why the business cycle occurs? Is there an equation that can prove that? If not, then what are the main contribution factors that cause it, and can help predict it?
- Can a recession or economic decline occur largely from the process of a particular sector of the economy significantly innovating and growing, which leads to higher wages and wealth in the economy that may cause demand-pull inflation to occur on other sectors of the economy?
- Does an increase in innovation and output for the factors of production that ends up producing more finished goods for one business or industry lead to more output for other businesses or industries as well? Ex: Does growth from the gun industry help lead to growth for the butter industry?
- What has caused the stock market to exponentially increase over the past century by such a large amount, especially compared to the Real GDP or Bond rates? Could the stock market simply just be very elastic, causing it to react very elastic to people selling their stocks?
- Is the total wealth in the economy not very liquid, considering that if the wealth was suddenly used for consumption, the economy would be too scarce to provide for the sudden demand for many different goods and services?
- Similar to the field of game theory, could there be a field in mathematics that studies the concept of comprise, which would lead to the theory that politicians would be better off if they compromised more?