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Economy

January 29, 2016

An Upbeat Economic Story - Robert Samuelson, Washington Post

Here's some good -- and generally overlooked -- news about the U.S. economy: Among major ethnic and racial groups, African-Americans scored the biggest job advances in 2015. This c...

January 29, 2016

Economics in the Age of Abundance - J. Bradford DeLong, Project Syndicate

Until very recently, one of the biggest challenges facing mankind was making sure there was enough to eat. From the dawn of agriculture until well into the Industrial Age, the comm...

January 29, 2016

How to Make Free Trade Really Work - Pascal-Emmanuel Gobry, The Week

January 28, 2016

Economics Might Be Very Wrong About Growth - Mark Buchanan, BV

Has the world entered a period in which economies simply won’t grow at the rate they once did? Radical as the thought may seem, it might not be radical enough....

January 28, 2016

The Missing Startup Recovery - Jeffrey Sparshott, Wall Street Journal

America’s entrepreneurs still hadn’t regained their footing six years after the recession ended, a troubling sign for an economy that once counted on fast-growing start...

January 27, 2016

Assessing the Case Against Techno-Optimism - Paul Krugman, NYT

Back in the 1960s there was a briefly popular wave of “futurism,” of books and articles attempting to predict the changes ahead. One of the best-known, and certainly th...

Most Recent Articles

January 26, 2016

The Costs of Trade - Adam Ozimek, Modeled Behavior

Over the last few years, a string of evidence has caused economists to rethink the costs of free trade. While on net there remains wide agreementamong economists that the gain...

January 25, 2016

The Economy Overcame Republican Sabotage - Jon Perr, Daily Kos

As Barack Obama marks his seventh year in office, the resurgent American economy is posing a major problem for his Republican detractors. After years of denouncing the president's ...

January 20, 2016

Let Workers Who Quit Get Unemployment - Nick Bunker, Democracy

Numbers from Friday’s jobs report underscores a persistent problem for the U.S. economy: Wages aren’t growing fast enough for most Americans. According to the data for ...

January 19, 2016

Why Economic Growth Lags - Robert Samuelson, Washington Post

It's only January, but what may be the year's most important book on economics has already been published. Called "The Rise and Fall of American Growth: The U.S. Standard of Living...

January 19, 2016

How to Reform the Economy of the 1 Percent - Gabriel Zucman, Time

Inequality is the defining challenge of our time. From the president of the United States to most of the candidates vying for his job, from the Pope to the head of the In...

January 18, 2016

Why Do Exporters Pay Higher Wages? - Ayumu Tanaka, VoxEU

Firms that engage in international markets tend to pay higher wages. This column provides new evidence on the wage premiums for exporters and multinational firms in Japan. The resu...

January 16, 2016

The Great Enrichment - Deirdre McCloskey, ASSA

From 1800 to the present the average person on the planet has been enriched in real terms by a factor of ten, or some 900 percent. In the ever-rising share of places from Belgium t...

January 13, 2016

Obama: America Is Great Again Already - Suzy Khimm, New Republic

In his final State of the Union address, President Obama all but called Donald Trump out by name. Instead, he tried to outline the case for optimism about America’s futu...

January 11, 2016

China Trade Deficit: What Trump Doesn't Get - Kevin D. Williamson, NR

Donald Trump exemplifies one of the strange and lamentable dynamics in democratic discourse: People tend to have the strongest opinions on those things about which they have the le...

January 5, 2016

'The Big Short' Misleads - John Tamny, Forbes

While watching the recently released film The Big Short,  a movie loosely based on Michael Lewis’s book of the same name, I couldn’t stop thinking aboutanothe...

January 5, 2016

Reagan's Economy vs. Obama's - Peter Morici, RealClearPolicy

Hillary Clinton wants Americans to believe the economy does better with a Democratic president in the White House. That is simply false....

January 2, 2016

The Worst Economic Recovery Ever - Editorial, Investor's Business Daily

Growth: The president keeps congratulating himself on how the economy's doing, and Hillary Clinton just gave her former boss an 'A' for his handling of the nation's finan...

December 22, 2015

More Evidence of Free Trade's Benefits - Riley & Miller, Heritage

The latest rankings of trade freedom around the world, included in the forthcoming 2016 Index of Economic Freedom, confirm that citizens of countries that embrace free trade a...

December 17, 2015

Explaining Long-Term Unemployment - David Wiczer, St. Louis Fed

In this paper, I quantify the contribution of occupation-specific shocks and skills to unemployment duration and its cyclical dynamics. I quantify specific skills using microdata o...

December 16, 2015

Climate Deal: Economic Consequences - Irwin M. Stelzer, Weekly Standard

The international conference on climate change attracted thousands of delegates from almost 200 nations. The Conference of the Parties21, so named for the parties that signed the U...

December 16, 2015

Offshoring and Unskilled Labor Demand - Carluccio et al., VoxEU

The increase in the skill premium – wages of skilled workers relative to unskilled workers – has prompted research on its causes and potential remedies. This column pre...

December 8, 2015

The Economy Is Weaker Than You Think - Nicholas Buffie, RCPolicy

Friday, the Bureau of Labor Statistics released its latest jobs report. The report was relatively positive; the economy added 211,000 jobs in November, and the employment rate of A...

December 5, 2015

Shorting the American Economy - Steve Forbes, Washington Times

Wealthy individuals including Tom Steyer and others are driving an effort to effectively “short sell” the American economy by attacking oil, natural gas and coal produc...

December 5, 2015

Are We Creeping Toward Another Recession? - Jeff Spross, The Week

It's been seven years since the 2008 collapse. And if you look at thetiming of recessions in recent decades, we're due for another one awfully soon....

November 30, 2015

The Pro-Poor Bias of Trade - Pablo Fajgelbaum & Amit Khandelwal, VoxEU

Recent studies have established a causal link between trade and rising wage inequality. This column suggests there is also a pro-poor bias of trade. In moving from autarky to trade...

November 25, 2015

Bad Policies Raise the Cost of Living - Salim Furth, Heritage Foundation

Government policy mistakes significantly raise the prices of consumer goods. The 12 costly policy mistakes discussed in this paper add $4,440 a year to the annual expenses of the a...

November 23, 2015

Cut Carbon, Grow the Economy - Kevin Steinberger, NRDC

For decades, big polluters and their allies have been crying wolf that cutting pollution will severely damage the economy, and now, they're up to the same old tricks with...

November 17, 2015

Dems on Economic Policy: Real Differences - Jared Bernstein, Wash Post

November 11, 2015

'Tariff Cliff' Puts Jobs at Risk - John Murphy, Chamber of Commerce

In late 2012, Americans stood on a fiscal cliff, staring into the abyss. This year, the United States faces a tariff cliff, thanks to a six-year-old trade dispute over its Country ...

November 9, 2015

Child Care Workers Aren't Paid Enough - Elise Gould, EPI

Child care workers play an important role in the U.S. economy by allowing parents of young children to pursue employment outside the home and providing children a stimulating and n...

November 9, 2015

Economic Policy Splits Democrats - Nick Tamiraos, Wall Street Journal

The old guard of a party that laid the groundwork for the election of a two-term president watches with unease at what’s happening to their electoral prospects and economic&n...

November 9, 2015

The Economy Could Still Use Stimulus - Tim Mullaney, MarketWatch

After October’s great jobs report, it’s all but accepted that the Federal Reserve will finally begin to raise interest rates next month....

November 7, 2015

Recovery of the Hispanic Unemployment Rate - Valerie Wilson, EPI

In September 2015, the national unemployment rate was 5.1 percent, down 0.2 percentage points since the end of the second quarter in June 2015. Yet even as the recovery moves ahead...

November 7, 2015

This Is the Real Unemployment Rate - Ed Lazear, Washington Post

The government announced Friday that October's unemployment rate stood at 5 percent, lower than it has been for two-thirds of the time since 2000. Many economis...

November 6, 2015

The Myth of the Vanishing Pay Raise - Scott Winship, Forbes

“The Economy Is Up, but Pay Is Not.” So sayeth Steven Greenhouse in the New York Times this past weekend in a piece titled, “The Mystery of th...

November 6, 2015

Differences in Unemployment Risk - Benjamin Pugsley et al., FRBNY

The risk of becoming unemployed varies substantially across different groups within the labor market. Although the “headline” unemployment rate draws the most attention from th...

November 4, 2015

America's Income-Rich but Asset-Poor - Allison Schrager, Quartz

Do you earn a decent salary, but live paycheck-to-paycheck? If so, you are part of a growing segment of the American population: the income rich-ish and asset poor....

November 4, 2015

Economics Behind Whites' Climbing Death Rate - Josh Zumbrun, WSJ

The death rate among middle-aged white Americans has soared in recent years, driven by an epidemic of prescription drug overdoses, as well as rising liver disease and suicide, acc...

November 2, 2015

Economic Crises and Mortality - Christopher J. Ruhm, VoxEU

Conventional wisdom tells us that health deteriorates when the economy weakens and improves when it strengthens. Some research tentatively agrees, but there is a marked dearth of c...

October 30, 2015

The GOP's Economic Policy Problem - Ross Douthat, New York Times

I don’t have any disagreements with the conventional wisdom that last night’s Republican debate was good for Marco Rubio and very, very bad for poor Jeb ...

October 23, 2015

The Role of the Self-Employed - Pew Research Center

Self-employed Americans and the workers they hiredaccounted for 44 million jobs in 2014, or 30% of the national workforce, according to a Pew Research Center analysis of data the U...

October 21, 2015

The Lessons of 'Back to the Future Part II' - Jared Pincin, RealClearPolicy

In the 1989 film Back to the Future Part II, Marty McFly travels through time to this very day, where he finds that the Chicago Cubs have won the World Series for the first ti...

October 17, 2015

Is America Facing a 'Lost Decade'? - Joseph Lawler, DC Examiner

Despite the numerous signs that the economy is closer to a boom than to a bust, the Federal Reserve is right where it was during the darkest days of the financial crisis in Decembe...

October 13, 2015

Supporting State Economic Development - Eyster & Francis, RCPolicy

Now is a great time for states to revisit and evaluate their economic-development strategies. Why now? Two fast-approaching deadlines are pushing economic development to the forefr...

October 10, 2015

We Should Nationalize Facebook - Jeff Spross, The Week

I have a modest proposal: Let's nationalize Facebook....

October 8, 2015

Free Trade Is No Longer a No-Brainer - Noah Smith, Bloomberg View

It’s an old truism that economists can never agree on anything. But if you ask economists about this embarrassing fact, they will often point out that on one issue,...

October 6, 2015

Economic Magicians Wanted - Robert Samuelson, Washington Post

It's no secret that although the U.S. economy is near "full employment" (September's jobless rate: 5.1 percent), its rate of growth of about 2 percent annually has been maddeningly...

October 6, 2015

The TPP Trade Deal Explained - Kevin Granville, New York Times

The largest regional trade accord in history, the Trans-Pacific Partnership would set new terms for trade and business investment among the United States and 11 other Pacific Rim n...

September 23, 2015

Why We Should Be Nervous About the TPP - Jared Bernstein, Democracy

Michael Froman provides what has to be the most robust, full-throated progressive defense of the Trans-Pacific Partnership(TPP) that’s ever been written about it or any ...

Yahoo News - US Economy

U.S. says Americans traveling to Ir

U.S. citizens traveling to Iran, particularly Iranian-Americans, risk arrest and detention in the Is...