Economic Policy
Average wages grew faster than worker productivity in southern European countries during a decade when investors were willing to accept similar interest rates across the eurozone. Source: Stanford GSB Economics Professor Chad Jones, using data from the Federal Reserve Economic Data database....
If the financial crisis demonstrated anything, it was that excessive borrowing ― leverage ― can lead to big problems.
Yet while American households and businesses have trimmed back on debt since the crisis, the United States and most other nations still subsidize borrowing through the tax system....
If one city epitomizes China’s role as cheap manufacturer for the world, it’s Wuxi, a sprawling metropolis of more than 4.5 million people a short bullet-train ride northwest of Shanghai. Out beyond the old town, with its ancient temples and canals, much of modern Wuxi is a massive industrial park...
For much of this sputtering recovery, the unfailing bright spot in America’s economy has been trade. U.S. exports of manufactured goods have seen a slow, steady, and entirely unexpected rise. Net energy imports are falling fast. Now, new trade agreements are in the works that could give the global...
In your rush to understand today’s stock market numbers or tomorrow’s tax and debt debates, you might be blinding yourself to two important long-term economic trends: the tripling of income over three generations in the United States and the way poor countries are finally also raising their...
Unless the United States is willing to curb the growth in government-funded health care, it is looking forward to slow job growth and a 50% increase in federal taxes on every American, not just the rich, according to economist Edward Lazear.
Speaking to Stanford University employees a few hours...
Shared political characteristics — even when perceived and not known — can increase interaction between online dating participants at levels similar to educational background and race.
If you've ever used an online dating website, you've answered a litany of questions about yourself and your...
"I would never be one to advocate that Congress not increase the debt limit…trying to create a cash crunch crisis was absolutely thewrong thing."
Keith HennesseyLecturerStanford GSB
It wasn't exactly a love fest. But what had been billed as a shootout between two heavyweight economists at...
Long before Democrats passed their sweeping health care reform in 2010, economists across the political spectrum had argued that bad tax incentives were a major contributor to the soaring cost of American medical care.
Unfortunately, the main target of that ire was also the biggest and most...