Government & Politics

Jamie Galbraith and I rarely agree. But we agree here.

The Romer/Romer letter to Professor Gerald Friedman marks a turning point. It concedes that there are indeed important issues at stake when evaluating the proposed economic policies of Presidential Candidate Bernie Sanders. These issues go beyond the political debate and should be discussed seriously between and among professional economists.

The world economy is just starting to recover from the most disastrous episode in the history of financial globalisation. Understanding what happened is essential.

Economic growth and rising prosperity does not happen at the moment of invention. Only an innovation policy aiming to maximise activities throughout the innovation cycle will succeed in capturing economic growth that enhance the welfare of all citizens.

Lessons Ignored From the 1930s

Join us for a reception at the ASSA conference in San Francisco

A budget approach cloaked in the aura of science and technical jargon became a tool of manipulation.

Since Aristotle the question about the potential relationship between economic inequality and democratic changes has been studied and debated – but scientifically our ability as researchers to assess and understand how such complex social phenomena may be related is much more limited than recognised.

Patrick Honohan, Governor of the Central Bank of Ireland, discusses the Irish banking crisis.

This paper applies Schein’s model of organizational culture to financial firms and their prudential regulators.

How might a reimagined American foreign policy both bolster the domestic economy and help build a 21st-century global economy that works for everyone?

Spain’s future path for economic policy will soon be decided.

Exploring inequality, gender, and the North-South divide.

How much does the standard theory of externalities and public goods really say?

I describe the American economy in the twenty-first century as a dual economy in the spirit of W. Arthur Lewis.