Articles

The renowned economist reflects on the rise of neoclassical economics, the post-2008 surge of interest in non-mainstream, heterodox thought, and how young economists can remain independent in the face of biased evaluation systems

Despite assembling a formidable data set and leveling a bold argument, Thomas Piketty’s Capital in the Twenty-First Century has theoretical and accounting flaws that distort its central findings

Workers, innovation, and productivity all suffer when corporations spend their new U.S. tax breaks on stock buybacks.

The African Development Bank has laid out a plan for economic prosperity in the continent. But to get there, African countries must first confront jobless growth and underfunded infrastructure projects.

The corporate titans of yore once offered a sizable wage premium over smaller employers—but not anymore. What happened?

Forget the myth of a savings glut causing near-zero interest rates. We have a shortage of aggregate demand, and only public spending and raising wages will change that.

Summers discusses inequality, the GOP tax plan, and our economic future

How Germany, the EU and the economics field itself suffer from myopia—and what we can do about it

What can today’s economists learn from the 18th century Scottish thinkers who grappled with societal and economic change?

New research shows that access to elite colleges varies by parents’ income—reinforcing inequality across generations