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What have we learned about the American political economy from the crisis and its aftermath?

As empirical evidence continues to roll in, can the theoretical orthodoxy continue to hold their ground?

Germany’s debt brake and EU fiscal rules will make it well neigh impossible for EU countries to fund the investments needed to decarbonize their economies.

The destruction of trust is not an accident.

When segregationists fought against school integration, libertarian economist James Buchanan saw an opportunity for his private education plan

How can we better protect Main Street from the externalities of Wall Street?

The University of Chicago is well-known for as the place where a famous group of economists, including Milton Friedman, Georges Stigler, Gary Becker, among others, developed a method for analyzing economic facts based on Marshallian price theory, a vision of the evolution of macroeconomic aggregates called monetarism, and an approach to individual liberties and the role of the state known as (neo)liberalism.

Five lessons from the last crisis — for managing the next one

Eight years after the 2008 crisis the global economy is still stuck with low growth, too low inflation, and rising debt burdens. Massive monetary stimulus has failed to generate adequate demand, and some commentators suggest that we are “out of ammunition” with which to counter deflationary pressures.

How a Banking Union Has Created Deep Divisions that Undermine the Eurozone’s Stability

There is a banking crisis. Again. Banking regulators were asleep at the switch. Again.

The $1.9 trillion stimulus should be large because the need is large

Peter Barnes, the entrepreneur and author of the recently published book, Ours: The Case for Universal Property, talks about how new conceptions of property - a universal commons - could fundamentally transform capitalism to make it more ecologically and socially sustainable.

Five years after the collapse of the U.S. investment bank Lehman Brothers, the world has still not addressed the fundamental cause of the subsequent financial crisis – an excess of debt. And that is why economic recovery has progressed much more slowly than anyone expected (in some countries, it has not come at all).

The re-emergence of inflation threw the ‘science of monetary policy’ off the rails. Do the new tweaks to the theory work?