Paul Krugman, New York Times: Two impossible things happened to the U.S. economy over the course of the past year -- or at least they were supposed to be impossible, according to the ideology that dominates half our political spectrum. Show More Summary
Two impossible things happened to the U.S. economy over the course of the past year — or at least they were supposed to be impossible, according to the ideology that dominates half our political spectrum. First, remember how Obamacare was supposed to be a gigantic job killer?
Perhaps the biggest question in American political economy right now is why middle-class wages have been falling. There are three main hypotheses. Roughly, these are: robots, unions and China.
Today, we’re fortunate to have a guest contribution by Jeffry Frieden, Stanfield Professor of International Peace at Harvard University, and author of the newly published Currency Politics: The Political Economy of Exchange Rate Policy (Princeton University Press, 2015). This post is based upon a portion of that book. As the Eurozone struggles through its eighth […]
Experts claim that increasing US federal borrowing limit is beneficial for the overall US economy, however it can have political repercussions.
Today, we’re fortunate to have a guest contribution by Jeffry Frieden, Stanfield Professor of International Peace at Harvard University, and author of the newly published Currency Politics: The Political Economy of Exchange Rate Policy (Princeton University Press, 2015). This post is based upon a portion of that book. The recent volatility of major currencies reminds […]
Something strange is happening in the U.S. economy: Inequality has risen, but there hasn’t been a rising demand to do anything about it. A new Brookings Institution paper by Yale political scientist Vivekinan Ashok, Princeton economist...Show More Summary
As with countless other issues, the way in which many judge the current state of the U.S. economy is determined by their political world view. There are some who maintain that the environment is still poor, and that the labor market, while improving, has neither solved its underemployment problem nor experienced enough wage gains to […]
John Feehery: The federal budget process tends to focus on political battles and niggling details. The important thing is growing the economy.
Egypt on Friday opened an international investors’ conference that it hopes will drum up billions of dollars in business and help revive an economy that has been in dire straits for the last four years of political turmoil.
Once seen as a necessity in portfolios, investments in countries like Brazil and Russia are being reassessed because of messy politics and flagging economies.
Two months into a bloody standoff in Bangladesh that has left at least 118 people dead, the violence has eased but the political crisis continues to deepen.
Juan Carlos Hidalgo A new political crisis is brewing in Venezuela as the economy continues its free fall, social unrest grows, and the government escalates its crackdown of the opposition. Two weeks ago, the mayor of Caracas, Antonio Ledezma, was arbitrarily arrested under spurious changes of planning a coup. Show More Summary
Kevin Simler's 2013 essay on the economics of social status is a great, enduring Sunday sort of longread that should be required of anyone contemplating using the phrase "reputation economy" in polite society. Read the rest
Hillary, Bibi, O'Reilly, the Economy... Quick Hits on Politics!
THE late John Cole, former BBC political correspondent, once asked Margaret Thatcher how her much-vaunted service economy would work. I am indebted to Robin Ramsay for this vignette (Prawn Cocktail Party; Vision; 1998): “She cited an entrepreneur she had met...
Caracas Mayor Antonio Ledezma was arrested, accused of sedition, in what is seen as a politically motivated move by President Nicolas Maduro, who is looking for an unlikely win in the upcoming parliamentary elections.
Policy Issues A House Ag Committee news release yesterday stated that, “Today, Chairman of the Agriculture Committee K. Michael Conaway (TX-11), Nutrition Subcommittee Chairwoman Jackie Walorski (IN-2), and Livestock and Foreign Agriculture...Show More Summary
The latest Intergenerational Report has a range of questionable forecasts based on absurd assumptions that ignore the structural shifts taking place in the Australian economy.
[Over at Equitable Growth]: Ezra Klein, one of the viri illustres making us hope that the press corps over the next generation will actually be a net plus to the nation (cough, Judy Miller of the New York Times; cough, Fred HiattShow More Summary