Krautmann's Korner

k
Krautmann's Korner supplies departmental news, announcements, and the occasional quips and quotes from the chair of the economics department.

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Celebrating 50 Years with James Ciecka

Celebrating 50 Years with James Ciecka

The Department of Economics recently celebrated 50 years of Professor of Economics James (Jim) Ciecka teaching at DePaul University.... read more

To Hybrid Or Not To Hybrid: A Breakeven Analysis

To Hybrid Or Not To Hybrid: A Breakeven Analysis

​​Breakeven analysis is an important analytical tool used in microeconomics. For example, the point(s) where a firm's revenues equal its... read more

The Economic Impact of the Artificial-Intelligence Revolution

The Economic Impact of the Artificial-Intelligence Revolution

​Much of the discussion among the Democratic candidates has revolved around health care, gun control and immigration. However, one... read more

(In)Equality in the U.S.

(In)Equality in the U.S.

Much of the current debate involving the equality (or inequality) of income in the United States focuses on the difference in spending power between... read more

A Q&A with New Health Economist

A Q&A with New Health Economist

One of the world's leading experts on health economics, Anthony LoSasso is a Double Demon who graduated from DePaul with bachelor's... read more

Trade wars are good, and easy to win

Trade wars are good, and easy to win

A recent article in the Chicago Tribune highlights the inefficiencies associated with government policies intended to protect domestic... read more

Why They Call it “Transfer Payments”

Why They Call it “Transfer Payments”

A recent article by John Merline in USA Today highlights a particularly odd activity of government: it is primarily a check-writer. While efficiency... read more

Export Base Multiplier and GM’s Cutting 14,000 Jobs

Export Base Multiplier and GM’s Cutting 14,000 Jobs

General Motors (GM) recently announced a shutdown of five plants in North America, laying off about 14,000 workers (including 8,000 white-collar... read more

Sorry, Not Sorry: Chicago Dodges Another Bullet with Amazon HQ2

Sorry, Not Sorry: Chicago Dodges Another Bullet with Amazon HQ2

Amazon recently announced the “winning” cities in the HQ2 lottery.  Amazon decided to locate two headquarters — one in New York City and... read more

The Republican Tax Bill: Part I

The Republican Tax Bill: Part I

What are the potential effects on the macro-economy of this new tax policy? According to Politifact: The potential impact on... read more