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Is moving away from coal and into shale - rather than directly into renewables - a worthy move from an economic as well as environmental point of view?

Business school students are taught to extract resources instead of creating value.

Smith did not advocate a single-minded pursuit of profit

The famed short-seller talks Sam Bankman-Fried, why Wall Street is still so keen on crypto, and how technology is making us dumber.

Misaligned incentives account for many of the most troubling features of the pharmaceutical industry’s present practices and performance.

I was not in Bretton Woods this week. I followed the event through the videos posted on the INET website and the exhilarating and exhausting experience of Benjamin, Floris and Tiago.

Populist parties and the decline of progressive politics in Italy

The Collapse of Free Market Macroeconomics

The reaction to repressive political conditions that prevailed in Brazil during the 1970s helped to produce a commitment to diversity and tolerance among Brazilian economists.

Full paper is here. Comments are much welcome.And because it’s an epic story (and because I suck at writing abstracts), here is an audio trailer. I thank Paul for his beautiful Memphis accent.

Last Spring Larry Summers wounded Thomas Piketty in a friendly embrace.

Excerpts from “Retrospect and Prospect,” the concluding remarks Bob Coats presented at (or maybe wrote after) the History of Economics conference held in 1972 at Bellagio to commemorate and reassess the 1870s “marginal revolution” (full proceedings here).

Benner’s recent work with Manuel Pastor suggests the somewhat counterintuitive result that geographic regions with the most equitable distributions of wealth and influence also tend to have the highest growth.

This research project extends proven techniques in statistical learning theory so that they cover the kind of models and data of most interest to macroeconomic forecasting.