More in Global Economy


4 years

How the US Economy Pays Low and Earns High

Here's an odd fact: Even though the total assets of US investors abroad is smaller than the total assets of foreign investors in the US economy, the total returns earned by US investors abroad has historically been larger than what is earned by foreign investors in the US economy. How does that happen?

4 years

Is Now The Time To Buy Gold?

In this interview I explain why the fundamentals for gold are stronger each day, and why silver and palladium should not be ignored in the current crisis.

4 years

Patents and Competition: Thomas Edison, Xerox, Bell Labs, Medtronic

Patents are a tradeoff: they let an inventor escape direct competition, but only for a limited time and for a specific product, and in this way provide an incentive for innovation and--one hopes--heightened future competition.

4 years

Is It Getting Harder for Research to Boost Productivity?

New technologies are the beating heart of productivity growth and a rising standard of living.

4 years

Urbanization: Glaeser's Presidential Address to the Eastern Economic Association

Urban areas have traditionally been engines of prosperity and social mobility.

4 years

Coronavirus: Small Businesses are Collapsing

Before analyzing the emergency plans that the global economy needs, we must remember that, as in the past, the prudence and responsibility of the civil society and businesses will help us to get out of this crisis.

4 years

Does the US Tax Code Favour Automation Over Jobs?

Imagine a company that is considering two possible ways to improve efficiency and productivity.

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