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An open platform for new thinking, with recent articles from Peter Temin, James K. Galbraith, Lynn Parramore, and Enno Schröder.

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The Hidden Decline in Human Capital—and the Danger Ahead

U.S. GDP accounting underestimates intangible capital, overstates financial capital, and is all but oblivious to the the erosion of human and social capital. A serious growth slowdown is coming. Read more

When the Middle Class Lost Its Wealth

Until 2008, rising home values gave the middle class a cushion amid growing income inequality. But following the financial crisis, that wealth has failed to return. Read more