The “merger guidelines” that have been published by the Federal Trade Commission and the US Department of Justice since 1969–with updates happening every 10-15 years–serve an unusual role.
Markets are pricing a rapid decline in inflation and the end of central bank policy normalization. However, there are two challenges ahead that we must consider.
Robert Solow (Nobel ’87) is known in the economics profession for conceptualizing the broad methods of studying economic growth that are still used today.
For any society, productivity growth is the difference between living in a zero-sum polity, where gains for some can only come as a result of costs for others, and a positive-sum policy, where social arguments can be about the distribution of gains rather than the imposition of losses. I sometimes say that no matter what your economic issues are, it’s a lot easier to achieve them in a positive-sum world.
Cass Sunstein and Richard Thaler published several years ago Nudge: Improving Decisions about Health, Wealth, and Happiness.
In the last decade, machine learning has revolutionized the new tech economy as well as the way we live and work.
The global economy experienced significant disruptions in its supply chains during the pandemic.