More in Global Economy


3 years

Why Are Mainstream Economic Forecasts So Often Wrong?

Every end of the year, by the end of the year, we receive numerous estimates of global GDP growth and inflation for the following year.

3 years

Working Later in Life

When President Franklin Roosevelt signed the Social Security act into law in 1935, with the goal of providing old-age benefits to those over age 65, average life expectancy in the United States was about 62 years: that is, the average person wouldn't live long enough to qualify for the program.

3 years

The Coase Theorem: A Process of Becoming

Steven Medema know more about the history of the Coase theorem than many of us know about our spouses.

3 years

Analyzing US Wealth Patterns

When I first started paying attention to national-level economic statistics in the late 1970s and early 1980s, it was commonly taught that the ratio of national wealth to GDP was more-or-less a constant over time.

3 years

The ECB’s Latest Big Mistake

One of the great mistakes among economists is to receive the measures of central banks as if it was the revealed truth.

3 years

Prime-Age Males Not in the Labor Force: Some Patterns

Being "in the labor force," in the economics jargon, refers either to having a job or being unemployed and looking for work.

3 years

China's Belt and Road Initiative Collides with Pandemic Realities

One of China's signature economic and foreign policy initiatives in the last few years has been the Belt and Road Initiative.

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