Although robots that can perform human labor will put downward pressure on wages in the short term, they also will increase the rate of profit,
The Robot Question
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Should Governments Spend Away?
With sovereign-bond markets still showing little concern for the massive levels of borrowing and spending across advanced economies, it is
How to Close America’s COVID-19 Testing Deficit
The US is facing a major health and economic catastrophe for one simple reason: its existing COVID-19 testing infrastructure has broken down.
The Challenges of the Post-Pandemic Agenda
The pandemic has highlighted the vulnerability of human societies and fortified support for urgent climate action. But while the small government,
Mask Wars
The pandemic and the protests of recent months should serve as a reminder of a simple truth: a mask is always just a mask. What matters for
China Has Blown Its Historic Opportunity
In the wake of the COVID-19 pandemic, China could have become the development bank, central bank, and medical supplier to the world. By choosing
America’s Compromised State
The lack of a coordinated national response to the COVID-19 pandemic in the United States has predictably resulted in an unmitigated economic
The Fastest Way Out of the Pandemic
During the 2009 swine flu pandemic, a few countries cornered the vaccine market, leaving the vast majority of the global population with no
Saving Generation COVID
During the COVID-19 crisis, lockdowns and other social-distancing rules have forced schools worldwide to shut their doors, locking out a peak
Training for the Pandemic Economy
The transition to the world being created by COVID-19 was always going to be difficult for workers in the worst-affected sectors. The main
A 100-day Agenda to Reunite America
After four years of a president who has deliberately tried to divide Americans, the United States can and must find common purpose to address
The Pandemic Must End Our Complacency
With an economic downturn as severe as the Great Depression and political conditions similar to those in the run-up to World War I, an international
American Exceptionalism in the Age of Trump
As the world’s two largest economies, the United States and China are condemned to a relationship that must combine competition and cooperation.
The Future of Global Power
Although the Sino-American rivalry was escalating long before the COVID-19 crisis erupted, it has since been thrown into overdrive. But while
The Deadly Urgency of Now
The consequences of lapses in international cooperation in combating COVID-19 over the last few months can now be counted in lost lives. Having
What the Stock Market Is Really Saying
The seeming confidence expressed by global equity markets in the face of the COVID-19 pandemic has surprised many – including many market
Target R and Wait for the Vaccine
Opening up the economy means allowing more human interaction and hence greater potential for new #COVID19 infections. Two numbers matter for
A Global COVID-19 Exit Strategy
The COVID-19 pandemic poses an unprecedented threat to both public health and the global economy. Only by ditching nationalist rhetoric and
The Human-Capital Costs of the Crisis
Unlike a hurricane or earthquake, the coronavirus pandemic has caused no damage to physical capital stock. But firm-specific skills have no
Cryptocurrencies’ Time to Shine?
Digital money with strong privacy protections will be a key feature of the post pandemic recovery.
What Trump Needs To Say
As in past global and national emergencies, the COVID-19 pandemic is a crisis that demands leadership from the highest levels.
Pandemic Panics
The global overreaction to the coronavirus outbreak has once again exposed a lack of preparedness to use the knowledge and tools already at
Germany’s Crisis of the Right
The resignation of Annegret Kramp-Karrenbauer, the leader of Germany’s Christian Democratic Union and Chancellor Angela Merkel’s designated
Restoring Central Banks’ Credibility
The old central-bank playbook of slashing interest rates to spur consumption, investment, and employment has become less effective since the