Financial Globalization and its Cryptocurrency Discontents
Once again, an out-of-control industry is threatening public health on a mammoth scale
Why it’s time to repeal the debt ceiling and replace it with a ‘truth in borrowing’ act
The Idea That Businesses Exist Solely to Enrich Shareholders Is Harmful Nonsense
The path of austerity could spread economic pain and social woes far beyond the Caribbean island, says public debt expert Martin Guzman
New research shows that access to elite colleges varies by parents’ income—reinforcing inequality across generations
When an economic model fails, it is reality—and the people living in it—who pay the bills while the model lives on, unscathed.
The same angst that Americans and Europeans have about the future of jobs is an order of magnitude higher in Asia.
Back-room deals on corporate tax reform won’t increase growth
The prevailing stock market ideology enriches value extractors, not value creators
As the Nobel laureate economist Robert Solow noted in 1987, computers are “everywhere but in the productivity statistics.” Since then, the so-called productivity paradox has become ever more striking. Automation has eliminated many jobs. Robots and artificial intelligence now seem to promise (or threaten) yet more radical change. Yet productivity growth has slowed across the advanced economies; in Britain, labor is no more productive today than it was in 2007.
Why it’s urgent that China adjust its balance of payment structure and safeguard its foreign assets
The famed short-seller offers a mid-2017 reality check for “fake fiscal news,” and economic pipe dreams, and sees “portents of even worse things”
Faced with rapid cost reductions for clean electricity generation, some commentators suggest that we no longer need the Paris agreement or other policy interventions, because technology alone can solve all problems.
McCloskey discusses her career, critiques of economics, and offers advice for young economists.