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AI has the potential to fuel historic levels of wealth concentration, leaving workers behind while a handful of companies profit. Or we can choose policies that steer us toward shared prosperity. The future is still up to us.

I was going to call this blog post ‘Utility maximising agents in Adam Smith’s Theory of Moral Sentiments’ but realised that was much too dull - even if it accurately describes my bedtime reading at the present moment.

Ocean expert Peter Neill says the watery depths hold solutions to earth’s most pressing challenges

The National Institute of Public Finance and Policy (NIPFP) in collaboration with the Institute of New Economic Thinking (INET) are organising India’s first “Law Economic Policy Conference (LPEC 2016)”. The aim is to bring together economic, legal and policy thinkers together to consider policy issues in a holistic manner.

What Japan, the US, and Europe have in common is growing popular anger over the economy despite high stock prices and low unemployment.

The younger generation, already saddled with student debt and uncertain jobs, will pay a high price as the crisis unfolds.

“School choice” aimed to block the choice of equal, integrated education for Black families

A Template to Prevent a Global Debt Crisis?

The World Bank and IMF say developing economies can’t afford to have strong labor laws. Actually, they can’t afford not to.

Eight years after the crisis erupted, what the global economy is experiencing is starting to look less like a slow recovery than like a new low-growth equilibrium. With monetary policy unable to stimulate demand, or even inflation, it’s time for fiscal authorities to relieve the burden on central banks.

A new book by economist Julia Cagé offers a participatory business model for independent media.

For one more time traveling closer to home – Mainz! It’s been the annual meeting of the German Society of the History of Science (the kind of academic club one has to be nominated for membership).

Most “state of the art” macro models trivialize financial flows and largely neglect the interaction between finance and industry. That is why they failed at predicting and illuminating the collapse of the Irish economy.

Gokhale Institute of Politics and Economics

Investigations into the possible effects of the fiscal consolidations required under the new European fiscal rules on Italy’s debt-to-GDP ratio find that the new governance framework may lead to the pro-cyclical tightening, weaker growth and adverse debt dynamics that characterized earlier phases of EU fiscal governance.