Two areas where I am out of step,…

I read a lot of material from experts on politics, economics and international affairs. As a result, I think I have a pretty good idea of the consensus views of respected pundits, which are sometimes…

Robots and firms

Industrial robots are machines that perform delegated sets of tasks automatically – without any direct or constant interaction with a person. They thus replace human workers in specific production stages. According to the International Federation…

Eastern Europe’s adjustment tale

Today, EU11 economies1 are among the most open economies globally (Figure 1). Their degree of trade openness has increased and the nature of their trade flows has changed rapidly in this millennium in large part because…

Are Economists Blocking Progress on Climate Change?

By Servaas Storm, Senior Lecturer of Economics, Delft University of Technology. Originally published at the Institute for New Economic Thinking website Dutch economist Servaas Storm, co- author of a widely-read 2018 study on climate change,…

Henderson on Uwe Reinhardt’s Last Book, by David…

Uwe Reinhardt was a well-known health economist at Princeton University who died in 2017. An outspoken advocate of government regulation of health insurance, he helped design the single-payer system adopted by Taiwan’s government. Reinhardt’s last…

How Italy Could Save the Euro

Yves here. A wee problem is that Eurocrats overwhelmingly are of the view that there’s nothing wrong with austerity; the problem is that countries don’t practice it diligently enough. It’s striking to see how long…

Like it or not? Online platforms and productivity

Alberto Bailin Rivares, Peter Gal, Valentine Millot, Stéphane Sorbe 19 June 2019 Over the past decade, online platforms have acquired a central role as intermediaries between service providers and consumers in many industries, such as…