Don’t get spooked by innovation. Whatever short-term disruptions are entailed, keep your eye on the longer-term public good.
On Monday, the winners of the prize were announced — and much of their work is salient at a time when AI threatens disruption to economies.
One beauty of economics — the study of how human beings use scarce resources — is that its basic principles apply to life even if money is not involved. Opportunity cost, externalities, sunk costs, ...
India must learn the art of building legal, regulatory and social frameworks that make creative destruction an engine of ...
Why has America forgotten the three most important economic lessons we learned in the 30 years following World War II? Before I answer that question, let me remind you what those lessons were: First, ...