As markets, trade, politics, and international relations become increasingly interconnected, mainstream economics finds itself at an intellectual
A Plea for Political Economy
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Rough Justice for Trump
Following Donald Trump’s conviction in a Manhattan courtroom, the Wall Street Journal’s editorial board worries that the successful prosecution
Jedi Mind Tricks
If you could give yourself and other young women advice on how to navigate a male-dominated society, what would it be?
Maxims for the AI Age
Far too often, debates about technology, innovation, and progress fall into crude dichotomies – humans versus machines, utopia versus dystopia
Central Banks’ New-Old Inflationary Bias
While rules-based monetary policy thrived when globalization put downward pressure on inflation, the COVID-19 pandemic has revived central
How to Close the Gender Wage Gap
Gender pay parity in Iceland demonstrates that equal rights and public policy are required to achieve economic equality.
What the AI Pessimists Are Missing
Like other disruptive technologies, AI evokes fear. But it has the potential to transform our lives for the better.
Crunch Time for the Power Sector
The grid is long overdue an upgrade. Doing so requires a public-private enterprise.
Life Doesn’t Come With a Manual, It Comes With a Mother
This Mother’s Day, we honor our mother’s in prose and verse.
The Rise of the Finternet
Financial services must catch up with the advances made in communications since the advent of the internet and smartphones.
Don’t Fret About Green Subsidies
Governments should stop decrying each others’ green industrial policies as norm violations or dangerous transgressions of international
Why Bonds Remain Boring
The bond market has defied the pessimists, with yields remaining relatively low despite massive Federal deficits and debt levels. But there
Why Non-Compete Clauses Should Be Banned
Restrictions on labor movement imposed by non-compete clauses do far more harm than good.
Why Voters Are Unhappy About the Biden Economy
Polls indicate voters are unhappy with the US economy. Things may not be as good as the data suggest, though voter misperceptions are also
You Can Do This
When despair, fear and helplessness set in, it is important to recall the skills and experiences that calm our minds and allow us to persevere.
Where Have You Gone, Immanuel Kant?
On the occasion of his 300th birthday, the West could do well to recall the moral philosophy of Immanuel Kant, above all his emphasis on the
The Perils of Retirement in America
America’s retirement system is failing. It perpetuates inequality and is unlikely to serve millions of Americans in or nearing retirement.
Why Inflation (Still) Matters
A gummed up US housing market threatens the Fed’s inflation target. It could also undermine markets and President Biden’s re-election
What a Climate-Aligned IMF Would Look Like
Having established a priority to address climate change in its policies and in relations with member states, the IMF must now put deed to
China’s Rebalancing Imperative
It has been said before and it bears repeating: China must unleash consumption-led growth to rebalance its economy.
The Boring Truth About AI
Artificial intelligence is more evolutionary than revolutionary. Its advance will be slower than many think.
Why Is Europe Losing the Productivity Race?
Europe needs to accelerate the adoption of new innovations, ones that can make its economy more productive.
The Hidden Costs of “Slowbalization”
De-globalization will exact a lasting cost on global welfare.
Monetary Policy: The Dog That Did Not Bark
The US economy has become less sensitive to Fed rate hikes. But the Fed can still ease this year, given declining inflation.