Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/21st Century economic philosophy

Wealth and Income

economic recovery across different sectors, industries, and groups of people in the economy. Other letter-shaped descriptors of economic recessions and recoveries (e.g. L-shaped, V-shaped, U-shaped, W-shaped), describe the path of economy-wide macroeconomic aggregate variables…

International Trade and the U.S.

…growth over the last half century is essentially zero (-0.6 percent). Over the long term, trade deficits that are persistent reflect underlying economic conditions that contribute to higher levels of…

Trump Tariffs, Who Pays?

…but these caveats are well understood and for the most part don’t apply to the tariffs imposed by the Trump 47 administration. Once tariffs became a centerpiece of Trump’s economic