How capitalism actually works — explained plainly. No ideology. No cheerleading. No moralizing.
US airline industry concentration produces visible consumer harm — bag fees, change fees, route monopolies. Grocery concentration looks similar on HHI metrics …
The Stockton SEED experiment, GiveDirectly's Kenya RCT, and Sam Altman's OpenResearch three-year US trial are the three best-designed UBI studies to date. Thei…
The 2013 Autor-Dorn-Hanson paper 'The China Syndrome' established that trade exposure produced concentrated, persistent local labor-market harm in US manufactu…
Miles Corak's 'Great Gatsby Curve' plots intergenerational mobility against inequality across countries — they're inversely related. Raj Chetty's Opportunity I…
The 2023 UAW Big Three contracts won 25% raises across four years. Starbucks Workers United organized over 500 stores. The Amazon Labor Union won Staten Island…
Nancy Folbre's *The Invisible Heart* (2001) made the case that care work — child care, elder care, household labor — is the productive activity GDP systematica…
US productivity rose 64% from 1979 to 2024. Typical worker hourly compensation rose 17%. David Autor's MIT work and EPI's State of Working America data establi…
Argentina's Javier Milei dollarized the economy in 2024 by abolishing the central bank's policy independence in effect if not in form. Andrew Bailey's Bank of …
Hyman Minsky's 'stability breeds instability' insight haunts the post-2022 macro debate. Larry Summers's early 2021 warning that fiscal stimulus would produce …
Dani Rodrik's *Straight Talk on Trade* argued long before 2022 that industrial policy was inevitable for advanced economies facing climate and supply-chain pre…
Valery Giscard d'Estaing called the dollar's reserve-currency status an 'exorbitant privilege' in 1965. Barry Eichengreen's book of the same name traces what t…
The Federal Reserve has a dual mandate by statute — price stability and maximum employment. The ECB has a single primary objective: price stability. Mark Blyth…