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To understand labor productivity—and growing inequality—you have to look at the “dual economy”

Texas’s electricity market “reforms” made the current crisis inevitable

In this interview, Folashadé Soulé and Camilla Toulmin discuss with Edward K. Brown, Senior Director, Research and Advisory services at the African Center for Economic Transformation (ACET) based in Accra, Ghana, on the effects of COVID-19 on regional integration and economic transformation in Africa, and the role of ACET and African think tanks in advising African governments respond to the crisis.

Recently, our analysis has been questioned by Servaas Storm who has claimed that it is untenable to blame neo-mercantilist Germany for driving a wedge into the Eurozone. [i] It is shown below that Storm’s critique has a certain aplomb, but lacks substance.

The money to support well-paid American jobs exists—it’s just being hoarded at the top. Economist William Lazonick argues that this is not just unfair; it’s a failure of the whole economic system.

The American state has lost the capacity for concentrated and decisive effort at the forefront of technology and the associated science.

The Young Scholars Initiative is hosting its regional convening for Latin America in Mexico City from 17-21 June. 

We are coming up to the fifth anniversary of the Lehman crash in September 2008. How bad was it? Have we fixed the problems?

Besides changes in institutions and social norms, other phenomena could explain a rise in the profit share.

Contrary to rhetoric from Democrats and Republicans, the U.S. has an economic interest in trade and peace with China

After Sweden’s elections, a look at how immigration and economics explain a political puzzle

How Penrosian Learning Confronts the Neoclassical Fallacy

In persisting with its high rates policy, the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.

Low interest rate policy can only do so much to bring the relief to American borrowers that they deserve: past monetary policies, credit market regulations and stagnant labor productivity growth all get in the way. Interest rate policy activism is part of the problem, not the solution.

It is high time to look more closely at the labor cost competitiveness myth.