Stagnant Capitalism
explains why abundant savings are not being invested productively, despite the supposed magic of the market.
Economics & Finance
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Bretton Woods at 75
shows why the global economic-governance system created by wartime policymakers remains relevant today.
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Understanding the Fed’s Dovish Turn
sees five factors contributing to US central bankers' decision to suspend monetary-policy tightening.
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The Fed Should Buy Recession Insurance
presents three policy options that would help the US Federal Reserve prepare for a possible downturn.
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Modern Monetary Realism
asks whether a potential boon to economic policymakers is really a dire threat, as its critics claim.
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Can Economics Shake Its Shibboleths?
examines why several major theoretical assumptions no longer seem to hold true.
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The Dangerous Absurdity of America’s Trade Wars
shows why the politics of the US approach to its current-account deficit are worse than the economics.
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What’s Wrong with Contemporary Capitalism?
asks why, in advanced countries since around 1970, the economy no longer serves most citizens' interests.
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How to Lose Friends and Impoverish People
points out that the Trump administration's trade strategy is not just misguided, but utterly self-defeating.
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How Europe Can Trade with Iran and Avoid US Sanctions
recommends that the new Instex mechanism emulate the postwar European Payments Union.
