Advanced Concepts 4 min read
Fix the Debt Freakout
First, President Trump’s apparent tantrum filled the headlines yesterday. But I think the more significant development was the latest sign of anxiety…
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Female Economists Push Their Field Toward a #MeToo Reckoning
ATLANTA — The economics profession is facing a mounting crisis of sexual harassment, discrimination and bullying that women in the…
Advanced Concepts 6 min read
The Real Legacy of the 1970s
In most histories of how Americans became so polarized, the Great Inflation of the 1970s is given short shrift…
Advanced Concepts 7 min read
In Amazon Fight, Progressives Showed What They Want: A New Economic Agenda
The political opposition that prompted Amazon to walk away from building a corporate headquarters in New York City featured a touchstone…
Advanced Concepts 3 min read
An Economist’s Argument for Preserving Communities
Raghuram Rajan comes both to praise community and to bury it. This University of Chicago professor and former chief economist…
Advanced Concepts 5 min read
Why People Are Outraged at Lower Tax Refunds (but Probably Shouldn’t Be)
Both these things are true: Most Americans received a tax cut in 2018. But many will see a smaller tax refund than…
Advanced Concepts 5 min read
How About We Try Modern Monetary Theory in a Small Country First?
For many years, “modern monetary theory” advocates have been a merry band of contrarians. If they taught a course, it…
Advanced Concepts 5 min read
The Experts Keep Getting the Economy Wrong
President Trump likes to brag about the supposedly booming economy. So do other Republican politicians. Some journalists have gotten into…
Advanced Concepts 7 min read
Women in Economics Report Rampant Sexual Assault and Bias
A panel discussion at the American Economic Association conference in Atlanta in January. The association has announced several measures to…
Advanced Concepts 7 min read
Alan B. Krueger, Economic Aide to Clinton and Obama, Is Dead at 58
President Barack Obama introduced Alan B. Krueger as the next chairman of the Council of Economic Advisers in a Rose…
Advanced Concepts 4 min read
Alan Krueger’s Two Lessons
Alan Krueger devoted part of his decorated career as an economist to studying happiness. One time, when he and I…
Advanced Concepts 7 min read
Repayment flexibility and risk taking: Evidence from credit contract
Starting or expanding a business often entails undertaking costly and risky investments. In developing countries, where credit and insurance markets…