A new economic report reveals that the self-styled “land of the free” is not as free as it once was -- or as we in the United States think of ourselves.
While uncomfortable, sometimes it pays to think beyond the obvious: People who own all-electric cars where coal generates the power may think they are helping the environment. But a new study finds their vehicles actually make the air dirtier, worsening global warming. Ethanol isn't so green, either. "It's kind of...
The World Economic Forum (WEF) has a message for wealthy families thinking about impact investing: don’t buy on the buzz. ||| Margaret Collins New York THE WORLD Economic Forum (WEF) has a message for wealthy families thinking about impact investing: don’t buy on the buzz. Show More Summary
Rubio is running! Rubio is running! That is what I think, after finding out that Senator Marco Rubio's new book will be released on January 13, 2015. Amazon, which is preselling, “American Dreams: Restoring Economic Opportunity for Everyone,” for $21. Show More Summary
It’s not just Fox News guys Bill O’Reilly and Brit Hume who think President Obama was remarkable in his silky purple “Mao suit” while in China for an economic conference this week. The New York Times weighed in as well.
It's still really hard to get a mortgage in America without a perfect credit score. That's the takeaway from has a new economic letter put out by John Krainer and Erin McCarthy at the San Francisco Fed. The authors think that mortgage...Show More Summary
A new report that ranked the United States 65 th in the world on gender pay equality discredits Fox News' continuing campaign to dismiss the gender pay gap. According to a recently released report by the World Economic Forum examining...Show More Summary
I've been a fan of Mike Rowe since his early days on the Discovery Channel's 'Dirty Jobs.' I don't always agree with his political views, but he's entertaining. He has a new show on CNN called 'Somebody's Gotta Do it,' where he highlights what seem to many like odd jobs....
A new study to be published soon in the journal American Economic Review offers good news for expectant mothers thinking, "Hurry up already, kiddo!" The study found that babies taking their sweet time to emerge from their mothers' wombs are actually more likely to be healthier once they enter the world. Show More Summary
Economists usually think it is a good to try to make spending countercyclical. This means that we want more spending when the economy is weak and less when the economy is strong. Traditional defined benefit pensions in the United States at least partly fit this bill. Show More Summary
A new global survey sheds light on how people see inequality, and what they think needs to be done to solve it
The Institute for New Economic Thinking announces it is accepting applications for grants of up to $250,000.
A new Associated Press poll finds that Americans lack confidence in the U.S. government's ability to protect them across a wide range of issues ranging from economic instability to terrorist attacks. "I think what we've got going on here in America is the perfect storm of not good things," Joe Teasdale, 59, told the Associated Press. Show More Summary
I’ve finished perusing the first ten units of introductory economics posted by CORE, an initiative funded by the Institute for New Economic Thinking, among others. A large team of well-regarded economists has collaborated to produce an online, open-access textbook, with other materials promised to come. Show More Summary
NBC reports on a new report that indicates anti-gay laws are economically hurtful to LGBT people. The report comes from two think tanks, the Center for American Progress and the pro-LGBT Movement Advancement Project. Among the study's findings is income...
Paul Krugman continues the conversation on New Classical economics:: The New Classical Clique: Simon Wren-Lewis thinks some more about macroeconomics gone astray; Robert J. Waldmann weighs in. For those new to this conversation, the question is why starting in the...
Mark Thoma: Can New Economic Thinking Solve the Next Crisis?: "It is certainly true that mainstream, modern macroeconomic models failed us... >...prior to and during the Great Recession.... But amid the calls for change in macroeconomics there is far too much attention on the tools and techniques that macroeconomists use... Show More Summary
I have a new column: Rethinking New Economic Thinking: Efforts such as Rethinking Economics and The Institute for New Economic Thinking are noteworthy attempts to, as INET says, “broaden and accelerate the development of new economic thinking that can lead...
The first fruits of the CORE project are now available for sampling, and of course I had to taste it for myself. This is an international initiative that, using INET (Institute for New Economic Thinking) funding, brought together 25 economists to mold a set of open-access resources that would put a new spin on undergraduate teaching. Show More Summary
By Nick Gogerty: Piketty, thinking about value, shows why the inequality R>G must be. In his new book Capital in the 21st Century, Thomas Piketty discovers that Returns on Capital (R) are greater than the gains of economic growth (G) leading which may cause inequality. Show More Summary