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.
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?
Studying how much you are affected by living in a certain place isn’t easy.
The Thanksgiving holiday is a time when many of us make good use of our forks.
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.
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.
Men and women tend to sort into different college majors. Even given the same college major, they tend to sort into different jobs.