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I recently used economist Albert Hirschman’s Exit, Voice, and Loyalty to explain why Jacinda Ardern, the former prime minister of New Zealand, quietly relocated...
In the technology arms race between the United States and China for dominance in artificial intelligence (AI), we are often told that the decisive...
On February 20, the Supreme Court handed the Trump administration a stinging rebuke. In a 6-3 decision, the justices ruled that the International Emergency...
In a recent Wall Street Journal piece, I argued that erratic tariff policy has alienated our allies and that the world is increasingly building...
Discussions of money frequently slide beyond economics into looser forms of argument, especially when inflation or central banking are the topic. In that context,...
Medicare is not merely a senior health program; it is an elaborate intergenerational contract with a hidden clause: it quietly runs on a tax...
Many market watchers are concerned about the softening labor market. According to the Bureau of Labor Statistics, the US economy lost 92,000 nonfarm payroll...
2026 commemorates the 250th anniversary of Adam Smith’s great work An Inquiry into the Nature and Causes of the Wealth of Nations. This book...
I’ve taught Principles of Microeconomics (“ECON 101”) regularly now for nearly a half-century. The first such course I taught was in the Fall Quarter...
If you only followed the political feed, you would think the world is splitting into billionaires on yachts and everyone else eating instant noodles...
Last month, Congress sparred with the president over a partial budget, but with few real cuts, America’s slow march toward an epic debt crisis...
The industrial age reshaped production and reorganized work, elevating coordination to a central concern for firms. In response, early approaches to management emphasized structure...
Wars test nations. They test military readiness, alliance cohesion, and political resolve. But they also test something less visible and just as important: fiscal...