Laura Tyson, a former chair of the US President's Council of Economic Advisers, is a professor at the Haas School of Business at the University of California, Berkeley, a senior adviser at the Rock Creek Group, and a member of the World Economic Forum Global Agenda Council on Gender Parity.
Nowadays, the inequality debate often focuses on the disproportionate accumulation of income and wealth by a very small share of households in the advanced economies. Less noticed – but just as corros… read more
The US is a global outlier in tying much of its social safety net to employment, with social-welfare spending averaging just 16% of GDP, compared to 23% in Europe. With inequality and income distribut… read more
Not long ago, the notion of the ECB handing out money to governments or directly to citizens – so-called "helicopter money" drops – would have seemed outlandish. Today, the idea has gone mainstream, w… read more
The fact that some US companies are generating returns that greatly exceed historical averages has been seen by some as an indication of a weak competitive environment. But outsize profits are more li… read more
High-quality early childhood education is one of those rare issues that unites people of all social strata and across the political spectrum. But the consensus about the benefits – both for the childr… read more
Globalization is entering a new era, defined not only by cross-border flows of goods and capital, but also, and increasingly, by flows of data and information. Will this shift disproportionately favor… read more
Business investment depends on expected future demand and output growth, not on current returns or retained earnings. This “accelerator” theory of investment explains most – but not all – of the weakn… read more
To listen to America’s Republican presidential candidates, one might conclude that the US government can do nothing right. But a remarkable bipartisan consensus is emerging around an approach to major… read more
When Facebook’s founder and his wife announced plans to devote some $45 billion in Facebook shares toward making the world a better place, some critics wrote off the move as a public-relations ploy. I… read more
