Economics

Are We Too Specialized?

Today’s economy is based on ever narrower specialization–people who know their specific domains inside and out, even if they don’t know much else. But this might be leading to greater problems in the future.


Crisis in Puerto Rico

Puerto Rico typically only makes news in the US when the topic of statehood comes up. But the island territory has been embroiled in an economic crisis for the past several years, which is now coming to a head.



UK2EU: GTFO

In a historic move, the United Kingdom just voted to leave the European Union. Why did this happen and what does it all mean?



Economists in Public: Hide Your Shame

Economists tend to present themselves as impartial arbiters of truth, as people who are reporting only how the market works, rather than making judgments as to why it works, or how it should work. This view is, at best, self-delusion. At worst, it’s a lie that kills people.



Freedom and Capitalism

For Americans, it seems that freedom and capitalism have, at some point in our history, become interchangeable concepts. There is no freedom without the ability to own and control capital, and capital that cannot be used as its owner wishes cannot be considered freedom. But is this really right?