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That is the title of a recent book by Beatrice Magistro. Some key results are: Economic knowledge consistently predicts higher support for welfare-enhancing policies (Eurozone mem...
To this piece by Nick Hanauer and Eric Beinhocker in The Atlantic. For decades economists simply believed, based on no evidence, but only their assumptions, that equality and econo...
Peter J. Leithart, First Things We live, writes Italian economist Luigino Bruni in his The Economy of Salvation, in an exhausted age in which "words are tired" and "worn out," whe...
Introduction I have spent a lot of time on this blog talking about the politics of care, and less time on the economics of hope, Read the full article...
My latest paper, A Test of the Coase Conjecture Using Prices of Electronic Books, with the excellent Tim Groseclose, has just been published. The Coase Conjecture is another one of...
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Finance & Development has published a five-paper symposium on “Geoeconomics” (June 2026)., which is the idea that in a global economy, national security policy needs to be inco...
A few days ago I posted an explanation of economics, based on the logic of an if/then argument. It seemed to be popular. The aim Read the full article...
When entering debates about immigration, economists have often checked their credibility at the door.
From EconoFact: In-depth articles providing the context and background necessary to understand current economic policy challenges and the tradeoffs involved in tackling them. Fis...
Will people think things will get back to normal soon, per NEC Chair Hassett (fm ABC News)? “Well, look, in the end, people look at their wallets and they decide how to vote, and i...
Market failure, which I am defining here as a market not reaching the equilibrium condition where quantity supplied equals quantity demanded, is ubiquitous. Every time we walk int...
When we hear the word economics, we usually think of inflation, interest rates, jobs, investments, taxes, markets and government policies. Those things are important. They affect o...
When the economy turns, working-class money rules change fast. Job security gets shaky, prices climb, and the safety margin between doing okay and becoming not okay gets thin in a...
My best read of the evidence is that a union raises wages by around 7% for currently unionized employees. The wage gains from a redistribution of rents evenly across workers. Wage...
A business school professor and storied investor says it now has to prioritize the national interest. That's a start, but nowhere near enough.
The concept has helped explain why broad measures of the economy don't always reflect the financial struggles many Americans report feeling.
For the background to this post, please read this companion piece. Imagine you are alone on a desert island. You have nothing. You have a Read the full article...
This is the latest in our series of posts in our series on price theory problems with Professor Bryan Cutsinger. You can see all of Cutsinger’s problems and solutions by subscribin...
This post is one of an ongoing series explaining Richard Murphy's views on significant topics in economics, political economy, politics, taxation, and accounting. It should Read th...
Nearly everyone is concerned about the rising cost of everything from groceries to health care to housing. But now there’s a crazy new antitrust legal theory that could make every...
Adam Smith articulated the rhetoric of the Bourgeois Deal by highlighting fundamental differences among commercial, political, and martial societies. Everyone, he argued, is always...
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