Technology & Innovation

“Dual Economy” models were developed to explain growth in the developing world. Now they appear necessary to comprehend the high income trap that afflicts the world’s most developed economies.

What Do Citations Actually Measure in Economics and How Should Economic Journals and Department Review Committees Use This Data? 

William Janeway’s Far-Ranging Seminar on Fundamental Debates in Innovation and Finance

The Implications of Xi’s Belt and Road Initiative for China and the World Economy

The Idea That Businesses Exist Solely to Enrich Shareholders Is Harmful Nonsense

The Theory of the Firm, Financial Flows, and Economic Performance

Why we should worry about job quality, not quantity—or robot overlords

The prevailing stock market ideology enriches value extractors, not value creators

Conventional wisdom has it that the primary function of the stock market is to raise cash for companies for the purpose of investing in productive capabilities. The conventional wisdom is wrong.

A look at America’s strange and dangerous approach to medicine, and how to fix it

In recent decades, market values have crowded out non- market norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life and personal relations. Without quite realizing it, we have drifted from having a market economy to being a market society. Is this where we want to be?

Along the entire “innovation chain” — from research and development, to production and commercialization — government and private sectors have very different roles to play.

How rationalization, marketization, and globalization characterize the U.S. economy during the past 50 years, and how the behavior of companies and fate of American workers have changed during this process.

The decline in productivity growth has a longer history