Labor-saving advances in AI may undo the gains from globalization and pose new challenges for economic development

By Anton Korinek and Joe Stiglitz

Recognizing that inflation of the value of output and its costs of production must be equal, we focus on a cost-based macroeconomic structuralist approach in contrast to micro-oriented monetarist analysis.

By Lance Taylor and Nelson Henrique Barbosa Filho

This paper analyzes the role of local spending, particularly on social welfare, and local inequality as factors in the Italian political crisis following the adoption in 2011 of more radical national austerity measures.

By Matteo Cavallaro

“Build back” means restoring the government and business investments in the productive capabilities of the U.S. labor force that created a growing middle class in the three decades after World War II

By Joshua Weitz, William Lazonick, and Philip Moss

Even if psychological factors influence participants’ decision-making, as behavioral economists compellingly argue, incorporating such factors into economic theory would seem to require that market participants adhere to elementary logical rules.

By Roman Frydman and Morten Tabor

How electric and self-driving cars could change the industry

By Annamaria Simonazzi, Jorge Carreto Sanginés, and Margherita Russo

Jacobin

Bloomberg

The Conversation

Project Syndicate