America’s Broken Union System
Union membership is at its lowest level in a century. Why, despite viral organizing campaigns at Amazon and Starbucks, has union density flatlined?
The Inflation Reduction Act’s Impact on Pharmaceutical Innovation: What Real Evidence Shows
Has the Inflation Reduction Act hindered pharmaceutical innovation? Evidence shows that the pharma industry can strategically manage disruptive change.
“How can you make sense of the future when you only have data about the past?”
--Clayton Christensen
Climate change, firms and aggregate productivity
Our paper uses a general equilibrium framework to examine the effects of temperature on firm-level demand, productivity and input allocative efficiency. Using data from Italian firms and detailed climate data, it uncovers a sizeable negative effect of extreme temperatures on firm-level productivity. Based on these estimates, the model generates aggregate productivity losses from local temperature fluctuations that are higher than previously thought, ranging from 0.60% to 6.82% depending on the scenario and the extent of adaptation.
Kalecki and the Stucturalist View of Economic Development
Kalecki challenged the structuralist view by pointing to the internal social class barriers to development, and the need to assure supplies of basic wage goods in order to avoid inflationary pressures that could derail the development process.
Best Crypto Casinos: A Comprehensive Guide for Crypto Gambling Enthusiasts
In the ever-evolving world of online gaming, crypto gambling has emerged as a revolutionary trend, transforming the way players interact with casinos. Whether you’re looking for the best crypto casino, an instant casino with quick transactions, or are simply exploring the benefits of a bitcoin casino, this guide has got you covered. We’ll dive deep ... Read more
What’s Next for Capitalism — Reinvention or Authoritarian Rule?
In Capitalism and Its Critics, New Yorker writer John Cassidy brings to life the figures who warned of monopoly power, inequality, environmental peril, and authoritarianism—forces still at work today. He discusses his book with Lynn Parramore.
Tariff Turmoil and the Money Markets: Single Payer Insurance to the Rescue
In Treasury markets, there are no libertarians, only grateful recipients of single-payer insurance for ailing financial markets.
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Steering Technological Progress
We need a dual approach to AI: steer technology in the short term while building new systems for the long term.
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