University of Wisconsin–Madison

Category: Equilibrium: Vol.15

The Cost of Life: The Economic Impacts of the Death Penalty

Benjie Harthun | Spring 2025   Is death cruel and unusual? The constitutionality of the death penalty has been a highly contentious issue in the American legal system for most of the country’s history. The idea of death as punishment for a crime has existed for multiple millennia. However, politicians and the general public still …

The Future of Industrial Policy: A Greener Way

Ahmad Hazim bin Khairul | Spring 2025 Is a Small Country Scalable?  The world economy is approximately $106.17 trillion in size, with ASEAN (Southeastern  Asian Nations) contributing roughly $3.8 trillion, which is only 3.6% of world GDP. In  comparison, China alone accounts for almost 18% of world GDP, while the U.S. is  responsible for approximately …

Hello AI, Goodbye Jobs?

Charlotte Vigy | Spring 2025   In 1996, a computer defeated a world chess champion for the first time. Now, computers seem to be beating humans in most everyday tasks. AI, what once seemed like a futuristic idea, is now an integral part of daily life. While it is a useful tool that answers any …

Before You Cheer: What You Should Know About “No Tax on Tips” Act

Jessie Chen | Spring 2025   The “No Tax on Tips” proposal has gained considerable attention during the election. It was embraced by both presidential candidates, particularly as a strategy to win Nevada, a swing state with the highest proportion of tipped workers (Bell 2024). After the bill was introduced in the House of Representatives, …

The Funeral of the Penny: America’s Bipartisan Farewell

Valery Vayserberg | Spring 2025   One of the hottest topics on the minds of Americans is the budget deficit of the United States. In 2024, the deficit was a whopping $1.83 trillion, bringing the nation’s debt to nearly $36.5 trillion. There has been a renewed energy of the current administration to reduce government spending …

From Medals to Markets: The Economic Impact of the Summer Olympic Games on Host Nations and Athletes

Brad Huseby | Spring 2025   Every four years, the world comes together to watch the Summer Olympics. While these games are a spectacle with flashy new stadiums, newly designed medals, and a captivating opening ceremony, the profitability of the games is not always discussed. These summer games are anything but cheap to host. Hosting …

Tariffs: Winners, Losers, and Casualties

William Spahn | Spring 2025   What actually is a tariff? Millions of Americans asked themselves that same question in the runup to the 2024 Presidential election. In recent years, there has been much debate about U.S. trade policy and tariff policy in particular. According to Google Search trends, the topic “Tariff” surged by a …

J-1 Visas: The Key to Cultural Diversity and Economic Stability in Local Communities

Brewster Hutchinson | Spring 2025   J-1 visas are temporary, nonimmigrant visas granted to international research scholars, students, professors, and laborers with the goal of promoting cultural exchange while simultaneously stimulating the American economy through providing short-term labor and transfers of knowledge. According to the US Department of State (2023), around 300,000 participants come stateside …

Warm Commodities: Carbon Offsets Exchanges and the Financial Force of a 2024 SEC Ruling

Jonathan Minnis | Spring 2025   Few subjects have been given as much attention as the topic of Climate Change, in both scientific and colloquial discourse. Increasingly, climate change has become a definitive topic of the business world, as waves of climate regulatory policy and capitalist pushbacks have slowly but surely changed industrial practices, consumer …

The Great Decoupling

Urmika Banerjee | Spring 2025 Economic development and global carbon dioxide (CO₂) emissions have long been closely related, with urbanization and industrialization fueling increases in energy use and emissions. The energy sector’s CO₂ emissions in 2022 hit a record high of 37 billion tonnes (Gt), a 1% increase above pre-pandemic levels (International Energy Agency, 2023). …