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How to Write a Good Economics Essay

Last Updated: July 16, 2024 References

This article was co-authored by Emily Listmann, MA . Emily Listmann is a Private Tutor and Life Coach in Santa Cruz, California. In 2018, she founded Mindful & Well, a natural healing and wellness coaching service. She has worked as a Social Studies Teacher, Curriculum Coordinator, and an SAT Prep Teacher. She received her MA in Education from the Stanford Graduate School of Education in 2014. Emily also received her Wellness Coach Certificate from Cornell University and completed the Mindfulness Training by Mindful Schools. This article has been viewed 129,103 times.

A good economics essay requires a clear argument that is well-supported by appropriately referenced evidence. Research your topic thoroughly and then carefully plan out your essay. A good structure is essential, as is sticking closely to the main essay question. Be sure to proofread your essay and try to write in formal and precise prose.

Preparing to Write Your Essay

• For example a question such as “Discuss the macroeconomic consequences of rising house prices, alongside falling interest rates” could be divided into 2 parts: 1 part could be on the effects of rising prices, and 1 on the effects of falling interest rates.
• In this example you could begin by discussing each separately and then bringing the 2 together and analysing how they influence each other.
• Be sure to keep the question at the forefront of your mind and don’t veer off topic. [1] X Research source

• Be sure that you understand all the key terms that you are being asked about.
• Try to keep your reading focussed closely to the essay question.
• Don’t forget to look at any lecture or class notes you have made.
• 3 Come up with a thesis statement . A thesis statement is the main argument you will make in your essay. It should be 1-2 sentences long and respond to the essential question that’s being asked. The thesis will help you structure the body of your essay, and each point you make should relate back to the thesis.

• Once you have put together a list of key points, then try to add in some more detail that brings in elements from your research.
• When you come to write out your essay, you can develop a paragraph based on each point.

• All of the evidence and explanation will be in the main body of the essay.
• Order the key points in the body of your essay in such a way that they flow logically.
• If you are writing a longer essay, you can break the main body into different sections. [2] X Research source
• If you have a word limit, be sure to take this into account when you are planning.
• Allocate yourself a rough number of words per section.
• The introduction and conclusion can be just a paragraph each.

Writing the Essay

• What your essay is about.
• What material you will cover in the essay.
• What your argument is. [3] X Research source

• Having this stated clearly at the start can help you to stay focussed on the question as you work your way through the essay.
• Try writing out this one or two sentence statement and sticking it up in front of you as you write, so it’s stays at the forefront of your mind.

• Try to begin each paragraph with a sentence that outlines what the paragraph will cover.
• Look at the opening sentence of each paragraph and ask yourself if it is addressing the essay question. [5] X Research source

• Try to engage with arguments that run counter to yours, and use the evidence you have found to show the flaws.
• It might help to imagine someone reading the essay, and anticipating the objections that he might raise.
• Showing that you have thought about potential problems, and you can make an argument that overcomes them, is a hallmark of an excellent essay. [6] X Research source
• If there is conflicting evidence, discuss it openly and try to show where the weight of the evidence lies.
• Don’t just ignore the evidence that runs counter to your argument.

• In the conclusion you can add a few sentences that show how your essay could be developed and taken further.
• Here you can assert why the question is important and make some tentative suggestions for further analysis.

Proofreading and Making Revisions

• As you read through it, think about how closely you stick to main overarching question.
• If you notice paragraphs that drift off into other areas, you need to be tough and cut them out.
• You have a limited number of words so it’s essential to make every one count by keeping tightly focussed on the main question.

• Think about how you use the evidence too. Do you critically engage with it, or do you merely quote it to support your point?
• A good analytical essay such discuss evidence critically at all times.
• Even if the evidence supports your argument, you need to show that you have thought about the value of this particular piece of data.
• Try to avoid making any assumptions, or writing as if something were beyond dispute.

• Remember an academic essay should be written in a formal style, so avoid colloquialisms.
• Avoid contractions, such as “don’t”, or “won’t”.
• Try to avoid paragraphs that are more than ten or fifteen lines long.
• Think about how it looks on the page. [8] X Research source

• Always include a bibliography, but don’t include references to things you haven’t read or didn’t inform your argument. [9] X Research source
• Your teacher will know if you just add a load of titles into your bibliography that are not evidenced in the body of your essay.
• Always follow the bibliography format used by your department or class.

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• ↑ http://www.economicshelp.org/help/tips-economic-essays/
• ↑ http://www.writing.utoronto.ca/advice/planning-and-organizing/organizing
• ↑ http://carleton.ca/economics/courses/writing-preliminaries/academic-essay-writing/
• ↑ https://www.economicsnetwork.ac.uk/archive/lse_writing/page_11.htm
• ↑ https://www.royalholloway.ac.uk/economics/documents/pdf/essaywriting-departmentofeconomics.pdf

About This Article

Before you begin writing your economics essay, make sure to carefully read the prompt so that you have a clear sense of the paper's purpose and scope. Once you have read the prompt, conduct research using your textbook and relevant articles. If you cannot find research materials, ask your instructor for recommendations. After your research is done, construct a 1-2 sentence thesis statement and begin outlining your main ideas so that your essay will have a clear structure. Make sure to leave time to write a draft and revise your work before it is due. If you want to learn more, like how to cite the sources you used for your essay, keep reading the article! Did this summary help you? Yes No

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Economics Essay Examples

Ace Your Essay With Our Economics Essay Examples

Published on: Jun 6, 2023

Last updated on: Jan 31, 2024

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Are you struggling to understand economics essays and how to write your own?

It can be challenging to grasp the complexities of economic concepts without practical examples.

But don’t worry! 

We’ve got the solution you've been looking for. Explore quality examples that bridge the gap between theory and real-world applications. In addition, get insightful tips for writing economics essays.

So, if you're a student aiming for academic success, this blog is your go-to resource for mastering economics essays.

Let’s dive in and get started!

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What is an Economics Essay?

An economics essay is a written piece that explores economic theories, concepts, and their real-world applications. It involves analyzing economic issues, presenting arguments, and providing evidence to support ideas. 

The goal of an economics essay is to demonstrate an understanding of economic principles and the ability to critically evaluate economic topics.

Why Write an Economics Essay?

Writing an economics essay serves multiple purposes:

• Demonstrate Understanding: Showcasing your comprehension of economic concepts and their practical applications.
• Develop Critical Thinking: Cultivating analytical skills to evaluate economic issues from different perspectives.
• Apply Theory to Real-World Contexts: Bridging the gap between economic theory and real-life scenarios.
• Enhance Research and Analysis Skills: Improving abilities to gather and interpret economic data.
• Prepare for Academic and Professional Pursuits: Building a foundation for success in future economics-related endeavors.

Paper Due? Why Suffer? That's our Job!

If you’re wondering, ‘how do I write an economics essay?’, consulting an example essay might be a good option for you. Here are some economics essay examples:

Short Essay About Economics

A Level Economics Essay Examples

Here is an essay on economics a level structure:

Band 6 Economics Essay Examples

Here are some downloadable economics essays:

Economics essay pdf

Economics essay introduction

Economics Extended Essay Examples

In an economics extended essay, students have the opportunity to delve into a specific economic topic of interest. They are required to conduct an in-depth analysis of this topic and compile a lengthy essay. 

Here are some potential economics extended essay question examples:

• How does foreign direct investment impact economic growth in developing countries?
• What are the factors influencing consumer behavior and their effects on market demand for sustainable products?
• To what extent does government intervention in the form of minimum wage policies affect employment levels and income inequality?
• What are the economic consequences of implementing a carbon tax to combat climate change?
• How does globalization influence income distribution and the wage gap in developed economies?

IB Economics Extended Essay Examples 

IB Economics Extended Essay Examples

Economics Extended Essay Topic Examples

Extended Essay Research Question Examples Economics

Tips for Writing an Economics Essay

Writing an economics essay requires specific expertise and skills. So, it's important to have some tips up your sleeve to make sure your essay is of high quality:

• Start with a Clear Thesis Statement: It defines your essay's focus and argument. This statement should be concise, to the point, and present the crux of your essay.
• Conduct Research and Gather Data: Collect facts and figures from reliable sources such as academic journals, government reports, and reputable news outlets. Use this data to support your arguments and analysis and compile a literature review.
• Use Economic Theories and Models: These help you to support your arguments and provide a framework for your analysis. Make sure to clearly explain these theories and models so that the reader can follow your reasoning.
• Analyze the Micro and Macro Aspects: Consider all angles of the topic. This means examining how the issue affects individuals, businesses, and the economy as a whole.
• Use Real-World Examples: Practical examples and case studies help to illustrate your points. This can make your arguments more relatable and understandable.
• Consider the Policy Implications: Take into account the impacts of your analysis. What are the potential solutions to the problem you're examining? How might different policies affect the outcomes you're discussing?
• Use Graphs and Charts: These help to illustrate your data and analysis. These visual aids can help make your arguments more compelling and easier to understand.
• Proofread and Edit: Make sure to proofread your essay carefully for grammar and spelling errors. In economics, precision and accuracy are essential, so errors can undermine the credibility of your analysis.

These tips can help make your essay writing journey a breeze. Tailor them to your topic to make sure you end with a well-researched and accurate economics essay.

To wrap it up , writing an economics essay requires a combination of solid research, analytical thinking, and effective communication. 

You can craft a compelling piece of work by taking our examples as a guide and following the tips.

However, if you are still questioning "how do I write an economics essay?", it's time to get professional help from the best essay writing service -  CollegeEssay.org.

Our economics essay writing service is always ready to help students like you. Our experienced economics essay writers are dedicated to delivering high-quality, custom-written essays that are 100% plagiarism free.

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Barbara is a highly educated and qualified author with a Ph.D. in public health from an Ivy League university. She has spent a significant amount of time working in the medical field, conducting a thorough study on a variety of health issues. Her work has been published in several major publications.

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Tips for writing economics essays

Some tips for writing economics essays  Includes how to answer the question, including right diagrams and evaluation – primarily designed for A Level students.

1. Understand the question

Make sure you understand the essential point of the question. If appropriate, you could try and rephrase the question into a simpler version.

For example:

Q. Examine the macroeconomic implications of a significant fall in UK House prices, combined with a simultaneous loosening of Monetary Policy.

In plain English.

• Discuss the effect of falling house prices on the economy
• Discuss the effect of falling interest rates (loose monetary policy) on economy

In effect, there are two distinct parts to this question. It is a valid response, to deal with each separately, before considering both together.

It helps to keep reminding yourself of the question as you answer. Sometimes candidates start off well, but towards the end forget what the question was. Bear in mind, failure to answer the question can lead to a very low mark.

2. Write in simple sentences

For clarity of thought, it is usually best for students to write short sentences. The main thing is to avoid combining too many ideas into one sentence. If you write in short sentences, it may sound a little stilted; but it is worth remembering that there are no extra marks for a Shakespearian grasp of English. (at least in Economics Exams)

Look at this response to a question:

Q. What is the impact of higher interest rates?

Higher interest rates increase the cost of borrowing. As a result, those with mortgages will have lower disposable income. Also, consumers have less incentive to borrow and spend on credit cards. Therefore consumption will be lower. This fall in consumption will cause a fall in Aggregate Demand and therefore lead to lower economic growth. A fall in AD will also reduce inflation.

I could have combined 1 or 2 sentences together, but here I wanted to show that short sentences can aid clarity of thought. Nothing is wasted in the above example.

Simple sentences help you to focus on one thing at once, which is another important tip.

3. Answer the question

Quite frequently, when marking economic essays, you see a candidate who has a reasonable knowledge of economics, but unfortunately does not answer the question. Therefore, as a result, they can get zero for a question. It may seem harsh, but if you don’t answer the question, the examiner can’t give any marks.

At the end of each paragraph you can ask yourself; how does this paragraph answer the question? If necessary, you can write a one-sentence summary, which directly answers the question. Don’t wait until the end of the essay to realise you have answered a different question.

Discuss the impact of Euro membership on UK fiscal and monetary policy?

Most students will have revised a question on: “The benefits and costs of the Euro. Therefore, as soon as they see the Euro in the title, they put down all their notes on the benefits and costs of the Euro. However, this question is quite specific; it only wishes to know the impact on fiscal and monetary policy.

The “joke” goes, put 10 economists in a room and you will get 11 different answers. Why? you may ask. The nature of economics is that quite often there is no “right” answer. It is important that we always consider other points of view, and discuss various different, potential outcomes. This is what we mean by evaluation.

Macro-evaluation

• Depends on the state of the economy – full capacity or recession?
• Time lags – it may take 18 months for interest rates to have an effect
• Depends on other variables in the economy . Higher investment could be offset by fall in consumer spending.
• The significance of factors . A fall in exports to the US is only a small proportion of UK AD. However, a recession in Europe is more significant because 50% of UK exports go to EU.
• Consider the impact on all macroeconomic objectives . For example, higher interest rates may reduce inflation, but what about economic growth, unemployment, current account and balance of payments?
• Consider both the supply and demand side . For example, expansionary fiscal policy can help to reduce demand-deficient unemployment, however, it will be ineffective in solving demand-side unemployment (e.g. structural unemployment)

Example question :

The effect of raising interest rates will reduce consumer spending.

• However , if confidence is high, higher interest rates may not actually discourage consumer spending.

If the economy is close to full capacity a rise in interest rates may reduce inflation but not reduce growth. (AD falls from AD1 to AD2)

• However , if there is already a slowdown in the economy, rising interest rates may cause a recession. (AD3 to AD3)

Micro-evaluation

1. The impact depends on elasticity of demand

In both diagrams, we place the same tax on the good, causing supply to shift to the left.

• When demand is price inelastic, the tax causes only a small fall in demand.
• If demand is price elastic, the tax causes a bigger percentage fall in demand.

2. Time lag

In the short term, demand for petrol is likely to be price inelastic. However, over time, consumers may find alternatives, e.g. they buy electric cars. In the short-term, investment will not increase capacity, but over time, it may help to increase a firms profitability. Time lags.

3. Depends on market structure

If markets are competitive, then we can expect prices to remain low. However, if a firm has monopoly power, then we can expect higher prices.

4. Depends on business objectives

If a firm is seeking to maximise profits, we can expect prices to rise. However, if a firm is seeking to maximise market share, it may seek to cut prices – even if it means less profit.

5. Behavioural economics

In economics, we usually assume individuals are rational and seeking to maximise their utility. However, in the real world, people are subject to bias and may not meet expectations of classical economic theory. For example, the present-bias suggest consumers will give much higher weighting to present levels of happiness and ignore future costs. This may explain over-consumption of demerit goods and under-consumption of merit goods. See: behavioural economics

Exam tips for economics – Comprehensive e-book guide for just £5

9 thoughts on “Tips for writing economics essays”

I really want to know the difference between discussion questions and analysis questions and how to answer them in a correct way to get good credit in Economics

Analysis just involves one sided answers while Discussion questions involve using two points of view

This is a great lesson learnd by me

how can I actually manage my time

The evaluation points in this article are really useful! The thing I struggle with is analysis and application. I have all the knowledge and I have learnt the evaluation points like J-curve analysis and marshall learner condition, but my chains of reasoning are not good enough. I will try the shorter sentences recommended in this article.

What kind of method for costing analysis is most suitable for a craft brewery, in order to analyze the cost of production of different types of beer_

Really useful!Especially for the CIE exam papers

Does anyone know how to evaluate in those advantages/disadvantages essay questions where you would basically analyse the benefits of something and then evaluate? Struggling because wouldn’t the evaluation just be the disadvantages ?? Like how would you evaluate without just stating the disadvantage?

This is an excellent source of adbvise

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Economics Revision Essay Plans

Last updated 17 Dec 2019

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This series of resources provides revision essay plans for a wide variety of essay topics, including synoptic questions.

For the 2019 papers check out our collection of videos on building A* evaluation into your answers

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Revision essay: exchange rate depreciation and macroeconomic objectives, to what extent should full-employment be the main macro policy objective, housing supply (revision essay plan), minimum alcohol pricing (revision essay plan), oligopoly and collusion (revision essay plan), building confidence in writing synoptic 25 mark essays (edexcel), behavioural and neo-classical economics (revision essay plan), barriers to entry and economic profit (revision essay plan), micro and macro impact of a plastic tax (revision essay plan), edge revision webinar: market failure and government intervention, farm subsidies (revision essay plan), competitiveness of the uk motor industry (revision essay plan), labour migration (revision essay plan), financial market failure (revision essay plan), tariff on chinese steel (revision essay plan), policies to improve food affordability (revision essay plan), reducing a trade deficit (revision essay plan), museums and government subsidy (revision essay plan), fiscal policy and inequality (revision essay plan), globalisation and inequality (revision essay plan), economic inactivity (revision essay plan), competition and consumer welfare (essay technique video), essay plan: is the euro the main cause of the crisis in greece and italy, china: successes and failures essay plan, our subjects.

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7 big issues at stake in the 2024 election

WASHINGTON — The policy contrasts between President Joe Biden and former President Donald Trump are sharpening as the general election campaign gets fully underway.

But what does the choice represent for ordinary voters and the economic and cultural issues they care about? A rematch between the Democratic incumbent and his Republican predecessor may feel uninspiring to many voters, but the policy stakes are enormous for tens of millions of Americans — and the world.

Here are seven big issues at stake in the 2024 election.

The contrast: Biden favors federal abortion protections; Trump opposes them. Trump supported nationwide restrictions on abortion as president but now downplays the need for a federal ban, as Republicans are divided over the issue. Biden does not support federal limits.

Biden has championed the Women’s Health Protection Act, a bill to protect abortion rights in all 50 states under federal law and prohibit medically unnecessary hurdles to accessing the procedure. He has asked voters to send him a Democratic Congress that supports legal abortion to achieve that.

Trump has boasted that he "broke Roe v. Wade" by picking three of the five Supreme Court justices who overturned it, delivering on a four-decade goal of the GOP. More recently, Trump has openly fretted that the backlash may cost him and his party the election. Last week, Trump said the issue should be left to states, a shift from his support for nationwide restrictions when he was president. His new stance has drawn pushback from GOP allies, like Sen. Lindsey Graham, of South Carolina , and anti-abortion-rights advocates, who say that he is wrong and that Republicans should not be deterred from their long-standing goal of enacting some nationwide abortion limits.

Some Republicans downplay the prospects of federal abortion restrictions’ passing Congress, even if they win full control. Biden and his allies are telling voters to look at the GOP’s long history of championing federal restrictions and not their recent rhetoric.

Immigration

The contrast: Trump has promised a sweeping crackdown on illegal immigration and tougher executive actions; Biden is asking Congress to give him more tools to manage an overwhelmed border and create new legal pathways to immigrate to the U.S.

Trump has called existing border laws an existential threat to the U.S., saying migrants are “ poisoning the blood of our country” and bringing new “ languages .” His campaign website says: “President Trump will shut down Biden’s border disaster. He will again end catch-and-release, restore Remain in Mexico , and eliminate asylum fraud. In cooperative states, President Trump will deputize the National Guard and local law enforcement to assist with rapidly removing illegal alien gang members and criminals.”

After having rescinded some of Trump's policies, Biden has recently shifted to support stricter immigration laws as the system remains overwhelmed. He championed a bipartisan bill to raise the bar for gaining asylum, grant more U.S. resources to process asylum claims and turn away migrants who do not qualify, and empower the president to temporarily shut down the border if migration levels hit certain triggers. (Republicans blocked the bill in the Senate amid lobbying by Trump , who wants to use the border as an election issue.) Biden has also endorsed the U.S. Citizenship Act , which would grant a pathway to citizenship for people in the U.S. illegally if they pass background checks and pay their taxes.

Fundamentally, Trump has aligned with forces who want less immigration into the country, while Biden has embraced the belief that immigrants make the U.S. better.

Health care and prescription drugs

The contrast: Biden wants to extend Affordable Care Act provisions and empower Medicare to negotiate more prescription drugs; Trump has aggressively criticized the ACA but not offered a health care plan.

Biden, who was vice president when the Affordable Care Act passed in 2010, sees it as a cherished achievement to protect and strengthen. The law, also known as "Obamacare," which has extended coverage to 45 million people through subsidies, insurance mandates and a Medicaid expansion, continues to face conservative opposition.

Separately, Biden has touted a provision in his party-line Inflation Reduction Act that empowers Medicare to negotiate lower prices for 10 prescription drugs. He said he wants to boost that to 50 if he is re-elected, with the goal of $200 billion in savings.

Trump spent his four years as president fighting unsuccessfully to repeal and unravel the law — through legislation and executive action and endorsing lawsuits to wipe it out. In November, Trump called for revisiting plans to "terminate" the ACA . He has recently sought to downplay that and insists he only wants to improve the law. But he has not offered a health care plan. Many of his GOP allies in Congress still favor repealing or undoing the ACA, including a budget by the Republican Study Committee, which boasts about 80% of the House GOP conference as members, including Speaker Mike Johnson, of Louisiana.

The contrast: Trump's 2017 tax cuts expire at the end of next year, and he has called for extending them; Biden has called for raising taxes on families earning over $400,000 to fund various priorities.

A series of Trump tax cuts, which Republicans passed on a party-line basis in 2017, expire at the end of 2025. Congress and the winner of the election will decide what happens to them.

In a recent private speech to wealthy donors, Trump s aid his policies include "extending the Trump tax cuts" if he is elected, according to a Trump campaign official. That would preserve lower rates across the income spectrum, with the biggest benefits for top earners.

Biden has attacked that law as a giveaway to the wealthiest Americans, vowing to make "big corporations and the very wealthy finally pay their fair share." He has backed a corporate tax rate hike from 21% to 28% and said that "nobody earning less than $400,000 will pay an additional penny in federal taxes." Biden is also calling for a $3,600-per-child tax cut for families, an $800 average tax break for "front-line workers" and a 25% minimum tax on billionaires, according to a newly released campaign plank.

The expiration of the Trump tax cuts will restore the unlimited federal deduction for state and local taxes, which Republicans had capped at $10,000 in the 2017 law. Republicans broadly support preserving the cap, with some exceptions, while most Democrats want to lift it.

Judges and the Supreme Court

The contrast: Their track records tell a clear story. Trump has picked young conservative judges to serve on the federal bench, while Biden has picked liberals with a focus on professional and personal diversity.

One of the clearest contrasts is what kinds of judges Trump and Biden would pick for lifetime appointments on the federal courts. A simple way for voters to think about it is whether they prefer new judges with the conservative views of Justice Neil Gorsuch, Trump's first Supreme Court pick, or with the liberal views of Justice Ketanji Brown Jackson, Biden's (so far only) high court pick.

As president, Trump nominated young conservative judges who will serve for generations. Biden has focused on finding judges with diverse backgrounds and résumés, including more civil rights lawyers and public defenders.

Perhaps the biggest question is whether a Supreme Court vacancy will open up in the next four years. The presidential election winner and the party that controls the Senate would fill it.

The contrast: Trump is pushing a 10% across-the-board tariff on imports; Biden's White House opposes that, saying it would raise inflation.

Trump, long a skeptic of U.S. trade deals, has proposed to impose a 10% tariff on all imported goods if he returns to the White House. He recently told Fox News that it could be 60% — or potentially “more than that” — on imports of Chinese goods.

Biden opposes that idea. In a memo over the weekend, the White House slammed the idea of "across-the-board tariffs that would raise taxes and prices by $1,500 per American family," without naming Trump; it referred to an estimate by the Center for American Progress, a liberal think tank, that Trump's 10% tax on imports could cost an average American household $1,500 per year.

Biden, instead, has sought to boost domestic manufacturing with major federal investments in semiconductors and electric vehicles.

Foreign policy and NATO

The contrast: Biden favors Ukraine aid, while Trump is skeptical of it; Biden supports NATO and a traditional view of American power, while Trump has criticized NATO and voiced some isolationist views.

The clearest example of the foreign policy differences between the two concerns the fate of Ukraine, which is running low on ammunition and says it needs U.S. assistance to continue holding off Russia’s aggression. Biden is an ardent proponent of helping Ukraine, while Trump has poured cold water on U.S. aid to Ukraine and successfully pressured House Republicans to block it since they took the majority in January 2023.

And that points to a deeper divide: Biden is an outspoken supporter of the NATO alliance as a bulwark against adversaries like Russia and China and of preserving the post-World War II order. Trump has dialed up his criticisms of NATO and aligned with a growing isolationist wing in the U.S. that wants to be less involved in global affairs. Trump recently said that as president, he “would encourage” Russia “to do whatever the hell they want” to member countries who are “delinquent” in their dues.

Sahil Kapur is a senior national political reporter for NBC News.

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Harris adviser Deese calls for ‘Clean Energy Marshall Plan’

By Clare Fieseler | 08/21/2024 01:32 PM EDT

In a Foreign Affairs essay, the former National Economic Council director pushed for a new clean energy financing authority similar to the Department of Energy’s loan office.

Former National Economic Council Director Brian Deese. Anna Moneymaker/Getty Images

Former National Economic Council Director Brian Deese is calling for a “Clean Energy Marshall Plan” and a comprehensive approach to trade and diplomacy to help countries “most vulnerable” to the effects of climate change.

Deese, who reportedly is advising Vice President Kamala Harris in her presidential bid, wrote in a Foreign Affairs  essay Tuesday that the U.S. should create a “Clean Energy Finance Authority” managed by the Treasury Department that would subsidize foreign demand for clean energy technologies and “put American innovation and industry at the front of the line.”

The first step in a climate-minded Marshall Plan was accomplished two years ago with the passage of the Inflation Reduction Act by “accelerating the clean energy transition at home,” wrote Deese, who currently is a fellow at the Massachusetts Institute of Technology’s Center for Energy and Environmental Policy Research. The next step is to accelerate a transition away from fossil fuels abroad while promoting U.S. interests, he said.

One model for a new clean energy finance authority could be the Department of Energy’s loan office, according to Deese. He also called for the creation of a “Clean Energy Resilience Authority” to ensure clean energy supply chains are resilient but aligned with “expanded, stronger, and smarter” trade that promotes manufacturing with multiple trade partners. The U.S. also should build a strategic reserve for critical minerals, similar to the Strategic Petroleum Reserve, he said.

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The Economist Who Predicted What Could Well Be the Next Recession

By Peter Coy

Opinion Writer

The economist and market strategist David Rosenberg took a lot of heat for predicting that the Federal Reserve’s big increase in interest rates would tip the U.S. economy into recession. “I spent most of the past year being absolutely beaten up,” he told me last week. “I had email from clients that you would not believe, and many cancellations.”

The latest economic data, including a sharp slowdown in job growth in July, is indicating that Rosenberg may well have been right all along. I asked him if he feels vindicated. “I do feel vindicated,” he said, “but I’m stopping short of running a victory lap.”

Japan’s Nikkei 225 stock index plunged Monday in the biggest one-day drop since the Black Monday crash of October 1987, with investors unnerved by a central bank rate increase last week and, now, the risk of a U.S. recession. Stocks also slumped in Europe and were off to a bad start in the United States on Monday as I was finishing this newsletter.

I’m going deep today on what Rosenberg told me last week because a) he deserves credit for focusing on troubles that others minimized, b) he’s influenced my thinking about the economy over the past several years and c) he has interesting things to say about how to act when you’re pretty sure, but not absolutely positive, that your minority opinion is correct.

Rosenberg is nicknamed Rosie, but not because he wears rose-colored glasses. He was a lonely skeptic on the U.S. economy in 2006 and 2007 also, when he was the chief North American economist for Merrill Lynch in New York. “The sales force abandoned me,” no longer sending him out to meet with Merrill’s customers, he said. As late as the summer of 2008, many other economists were still predicting the expansion would continue. That June, the Federal Reserve’s Federal Open Market Committee declared that “although downside risks to growth remain, they appear to have diminished somewhat.”

Rosenberg was vindicated that time, too, when it turned out that unbeknown to the Fed and other forecasters, a recession had already begun in December 2007, according to a December 2008 ruling by the business cycle dating committee of the National Bureau of Economic Research.

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Journal of Iran's Economic Essays; "Jostarhaye Eghtesadiye Iran; No. 30

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The Journal publishes papers, including the following fields: - Islamic economics and finance; - Iran's economy; - Fiqh (Islamic jurisprudence) and economics; - Philosophy of economics; - Economic theory; - Ethics; - Islamic economic institutions - Islamic banking; - Economic development; - Social security.

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