The dollar is getting a lift as worries about Greece and the European Union summit dent risk appetite. Whether it will last is another matter. Read More
A team of theorists at the Swiss Federal Institute of Technology in Zurich have determined that global corporate control is far more concentrated than many people think. Read More
In this guest blog, the author of "End of Progress" writes, "We have abandoned Adam Smith's sort of economics. In the technology and many other sectors, companies have generated huge profits because of a lack of competition. In the finance sector, profits have been excessive because of a lack of regulation." Read More
While much of the coverage of last week’s central banker boondoggle in Jackson Hole has focused on Federal Reserve chairman Ben Bernanke appearing to scold Republicans for resisting raising the debt ceiling, one of the more important papers revealed that the hardcore Republican argument is essentially right: public debt is so high that it is restricting growth. Read More
Many of the practitioners of a relatively new school of economics assume their discoveries of irrationality support calls for additional regulation of markets. Read More