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The euro area has been experiencing a prolonged period of weak economic activity and very low inflation.

This paper analyzes equilibrium, dynamics, and optimal decisions on the factor bias of innovation in a model of induced innovation.

Featuring articles by James B. Thomson and Walker F. Todd, Claudia Sahm, Gerald Epstein, Ronnie J. Phillips, Anastasia Nesvetailova, Gerald P. O’Driscoll, Jr., William Bergman, and Thomas Ferguson

In part 2 of our conversation with Professor Jessica Gordon Nembhard, she goes deeper into the power of cooperatives and their positive impacts on society and democracy.

Quincy Institute Vice President Trita Parsi talks about the incredible amount of destruction that US foreign policy has wrought in Iran and in many other places, and how it has actually made the US less safe and less able to address the challenges ahead

“’human beings must be driven by x’…. well this is a myth about human beings and it’s not really the way we work, but the religion of capitalism insists that it is true. This is a sacred idea that competition is ultimately for the best of society, that the market will decide what is best, not governments or we the people. I think one of the things that Eugene McCarraher who wrote this book, “The Enchantments of Mammon” susses out in a very nuanced way, is how our country is built on these sort of opposing ideas. On the one hand we have this idea of competition and then we have another religious idea about brotherhood which is also baked into the sacred text of our nation. These two things are kind of ill-fitting and trying to make them work together is something we’re still struggling with right now.” — Lynn Parramore

Bill Janeway explains why “efficiency is the enemy of innovation,” and how venture capitalists and the state advance technological change

This research project examines the value of political connections between corporate groups in Italy and the National Fascist Party (PNF) during the years of Mussolini’s rise to power (1921-1929).

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

Inequality has been growing and destabilizing confidence in many countries in recent years.

We typically view competition as a positive force that lowers prices, improves quality and service, and increases variety. However, competition can sometimes be toxic.