Lighthouses have been a canonical example for economists--but what that example is intended to illustrate has shifted dramatically over time.
Much of the history of the United States for its first century is a story of expansion from its original foothold on the eastern seaboard across the North American continent.
It's clear that the COVID-19 pandemic has caused a recession.
Student loans for higher education strike me as both sensible and crazy.
Tyler Cowen inteviews Melissa Dell, the most recent winner of the Clark medal. Both audio and a transcript of the one-hour conversation are available. From the overview:
According to the IMF, global fiscal support in response to the crisis will be more than 9 trillion US dollars, approximately 12% of world GDP.