Fredrik Erixon and Björn Weigel— Now, however, capitalism seems to have lost its founding spirit of enterprise. Four forces that guided the economy from the 1970s assisted in reducing the scope for experimentation and innovation. They are not the Four Horsemen of the Apocalypse, nor were they all undesirable, but
Tamim Bayoumi— US financial reformers faced a fundamentally different issue from those in Europe. Banks in Europe were under a flawed single system. The issues in the United States, on the other hand, centered on the dual nature of the pre-crisis banking system that contained a relatively tightly regulated core and
Philip N. Howard— The internet of things will help bring structure to global politics, but we must work for a structure we want. This is a challenging project, but if we don’t take it on our political lives will become fully structured by algorithms we don’t understand, data flows we
Dieter Helm— When the Saudis decided to draw a halt to the great shale oil boom in the United States at the end of 2014, they thought they could administer a short, sharp shock of lower prices that would kill off this threat, and then the market would rebalance again
Brooke Erin Duffy— With the skyrocketing growth of the independent employment economy, entrepreneurialism has emerged as a profoundly romanticized ideal for workers and career aspirants alike. A survey published last year by the Economic Innovation Group reported that sixty-two percent of eighteen to thirty-four year olds have considered launching their
To mark the publication of Stephen D. King’s Grave New World: The End of Globalization, The Return of History, we chatted with Stephen about the implications of globalization, and what the return of history means for the western economy and nation states. 1. The subtitle of Grave New World is “The End of
To: President Donald Trump Treasury Secretary Steven Mnuchin Re: Tax Plan—Changing the time frame of the capital gains tax to encourage long-term growth, while providing tax relief to those who need it. From: Jon Lukomnik, author, What They Do With Your Money: How the Financial System Fails
Niall Kishtainy— Welcome to part two of Niall Kishtainy’s A-Z of Economics. Compiled exclusively for the Yale Books Blog to celebrate the publication of A Little History of Economics, Kishtainy’s A-Z brings to light the stories behind key economic terminology. Read on for M-Z, and if you missed A-L, you can read it
Niall Kishtainy— To celebrate the publication of A Little History of Economics, we asked its author—writer, economist and historian Niall Kishtainy—to explain some of the most important staples of economic terminology for us in a handy A-Z of Economics. This post originally appeared on the Yale University Press London blog. Read on
Thomas R. Blanton IV— The apostle Paul, a Jewish preacher of the “good news” of Jesus of Nazareth, promoted a “spiritual economy” within the small groups of the early Christian movement in the middle of the first century CE. Although at first blush the phrase “spiritual economy” might appear to be