More in Global Economy


4 years

Slavery and the History of US Economic Growth

Slavery was both a set of economic arrangements and also a raw authoritarian human rights violation.

4 years

A Gentle Case for Paying Kidney Donors

Simon Haeder makes a gentle case, nudging the undecided to consider the possible of paying kidney donors, in "Thinking the Unthinkable: Buying and Selling Human Organs" (Milken Institute Review, Third Quarter 2020, pp. 44-52).

4 years

Federal Reserve Assets Explode in Size

The Federal Reserve is reinventing itself in plain sight, again. Here's a figure from the Fed website, "Recent Balance Sheet Trends."

4 years

The United States Will Not Recover Raising Taxes Or Printing Money

The dramatic economic decline due to the Covid-19 crisis and the unprecedented recovery spending plans approved by President Trump will drive the fiscal 2020 United States budget deficit to a record $3.8 trillion, or 18.7% of U.S. gross domestic product, according to the Committee for a Responsible Federal Budget (CRFB).

4 years

An Update Concerning the Economics of Lighthouses

Lighthouses have been a canonical example for economists--but what that example is intended to illustrate has shifted dramatically over time. 

4 years

The Closing of the Urban Frontier

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.

4 years

Some Ways the Pandemic Could Alter the Shape of the US Economy

It's clear that the COVID-19 pandemic has caused a recession.

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