The Best Articles in Economy

In 2018, Scotland, Iceland and New Zealand established the network of Wellbeing Economy Governments to challenge the acceptance of GDP as the ultimate measure of a country's success. In this visionary…

Forget everything you think you know about the term at a time when fears about the first contraction since the coronavirus pandemic swirl.

So far, the adoption rate of methods of artificial intelligence and machine learning (AI/ML) has been quite uneven across the economics profession. The uptake of these methods has been heavily…

The lessons of New Town at St. Charles.

The social psychologist Robert Cialdini is a pioneer in the science of persuasion. His 1984 book Influence is a classic, and he has just published an expanded and revised edition. In this episode of…

«the seven psychological levers that bewitch our rational minds and lead us to buy, behave, or believe without a second thought.»

As more and more cities and nonprofits implement cash-grant “guaranteed income” programs, it is important to keep some critical program design elements in mind.

With universal basic income (UBI) on everyone's lips, the process of reliably and consistently transferring cash remains surprisingly complex.

The climate crisis offers a new angle from which to evaluate US dollar hegemony, since carbon emissions are tied to economic activity.

An interview with Richard Bensel on developmentalism and American political and economic power.

Technology and the pandemic have transformed the meaning of gratuity.

The Consumer Prices Index for December showed annual inflation slowed to 6.5% in December from a year earlier.

A get-upper-middle-class-quick scheme

Inequality should be measured in terms of the time it takes for us to earn the money to buy the things we need.

«For every 1% increase in population, personal resource abundance increased by 4% and global resource abundance increased by 8%.»

The Battle of Stalingrad was the largest battle in history. With it came equally superlative stories of how people dealt with risk. One came in late 1942, when a German tank unit sat in reserve on…

«The problem is that historical risks you can study are dwarfed by risks you actually experience. There are a zillion treacherous risks, but most on their own are not common enough to take seriously or collect data on. Like mice destroying tanks.»

I recently had lunch with a guy who’s close with Warren Buffett. This guy – we’ll call him Jim (not his real name) – was driving around Omaha with Buffett in late 2009. The global economy was crippled…

«Everything good in life is just the gap between expectations and reality.»

The night before the D-Day invasion, a nervous Franklin Roosevelt asked his wife Eleanor how she felt about not knowing what would happen next. “To be nearly sixty years old and still rebel at…

«The future is always endlessly unpredictable. What changes isn’t the level of uncertainty, but the level of people’s complacency.»

Despite the constant stream of bad news we see in the media, the reality is that living standards have improved dramatically across time.

An irony of studying history is that we often know exactly how a story ends, but have no idea where it began. Here’s an example. What caused the financial crisis? Well, you have to understand the…

Why it's worth trying the world more optimistic

«I’m far more interested in answering the question, “What does the world look like if this goes right?” than in analyzing all of the reasons something might not work.»

What are the Theory of Constraints principles and how they can be applied to real life? See how I apply TOC in my writing process.

«Theory of Constraints (TOC) will help you identify the weakest links inside a system, organization, your life in general»

View the expanded version of this infographic. Just four countries—the U.S., China, Japa

A critical point has been reached; decoupling is for real this time.