More in Global Economy


2 years

Lessons from a Half-Century of US Industrial Policies

The fundamental idea behind government industrial policy is that the forces of a market economy are not moving, or not moving quickly enough, in a desirable direction.

2 years

China-US Trade: Some Patterns Since 1990

In US-based conversations about China-US trade, it sometimes seems to me that the working assumption is that China's economy is heavily dependent on trade with the United States--which in turn would give the US government strong leverage in trade disputes. How true is that assumption?

2 years

Some Economics of Place Effects

Studying how much you are affected by living in a certain place isn’t easy.

2 years

Forks: A Story of Technological Diffusion

The Thanksgiving holiday is a time when many of us make good use of our forks.

2 years

An Economist Chews over Thanksgiving

As Thanksgiving preparations arrive, I naturally find my thoughts veering to the evolution of demand for turkey, technological change in turkey production, market concentration in the turkey industry, and price indexes for a classic Thanksgiving dinner. Not that there’s anything wrong with that. 

2 years

Holding Down Costs of Megaprojects: The Madrid Subway Example

Imagine that at some point in your life, for your sins, you part of a panel to evaluate different methods of construction for a megaproject–say, an extension of a light-rail public transit system.

2 years

Sorting Men and Women by College Major and Occupation

Men and women tend to sort into different college majors. Even given the same college major, they tend to sort into different jobs. 

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