Region Focus

Summer 2009

Cover Story

Measuring Quality of Life

Measuring Quality of Life: How should we assess improvements to our standard of living?

Economists and policymakers often use average income as a way to gauge a country's "standard of living." But income alone doesn't capture overall quality of life. Should policymakers use other measures — including health, education, and even aggregate happiness — when making economic policy?
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Features

Postal Peril: The checks aren’t in the mail

Recession and a changing mail market have altered mail streams — especially first-class mail, over which the United States Postal Service has a monopoly. Despite cost-cutting, the USPS will face hard choices if it is to stay financially viable in the long run.
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Health Care Aisle: Retail medicine pushes competition, price transparency

Medical innovation has allowed some routine health care to be performed in clinics located in retail stores. These outlets have created new competition that may affect the traditional ways health care is delivered.
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A Matter of Antitrust: The debate over the role of government as referee of market competition

Antitrust laws were originally created to protect consumers against monopolies. Yet today many believe some market arrangements that might appear anticompetitive instead enhance the welfare of consumers.
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Rip Currents: How the recession affected seasonal employment in one beach town

A decline in consumer spending cut the demand for seasonal workers in the tourism hotspot of Myrtle Beach, S.C., illustrating how overall business conditions affect seasonal employment.
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Departments

President's Message

Decentralization and the Fed
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Upfront

Economic News Across the Region

Federal Reserve

Role of the Beige Book
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Jargon Alert

Inferior Goods
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Research Spotlight

You Get What You Pay For
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Policy Update

Lack of Loan Modifications
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Around the Fed

Safety First
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Interview

Timur Kuran
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Economic History

The Rescue of Long-Term Capital Management
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District Digest

Economic Trends Across the Region

Opinion

A Case Against “Do Something” Policymaking

Contact Us

Richmond

Aaron Steelman
Publications Director
(804) 697-2658

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