Getting Down to Business: Which Countries Support Entrepreneurship?

In class #1 of Entrepreneurship without Borders (at MIT Sloan) we discussed attitudes towards starting a new business.  In many countries, people want to become entrepreneurs, but they can access only limited types of opportunities.  Relatively small established elites, often with strong political connections, are able to mobilize the resources needed to build a company that can […]

Behavioral Risk and Rebalancing

Central bankers don’t usually deliver insight on matters of portfolio management, but San Francisco Fed President John Williams bucked the trend in a speech on Monday. Discussing “Bubbles Tomorrow and Bubbles Yesterday, but Never Bubbles Today,” his focus, of course, is on monetary policy and what a central bank can and can’t do when Mr. Market suffers […]

Non-Lessons of the Financial Crisis

As the fifth anniversary of the Lehman bankruptcy approaches, the Internet is filling up with reflections on the financial crisis and the ensuing years. My main feeling, as expressed in my latest Atlantic column, is amazement at how little we seem to have learned. Looking back, the period in late 2008 and early 2009, when it was obvious […]

The New Economic Nationalism, Part 1: A ‘Juche’ World

Commentators often assume that relatively unfettered trade in goods and services and free movement of capital are givens, but the drive toward greater economic openness could now be undergoing a reversal, with profound implications for the global economy. This piece, the first of a two-part series, looks at the drivers of this shift. Globalization reached […]

Economic Bloggers See Modest Growth, Modest Risk Ahead for U.S.

We welcome the return of the Survey of Leading Economic Bloggers. Tim Kane spearheaded the survey during his Kauffman Foundation tenure. Tim has moved to the Hudson Institute, where he has busily been writing books [with important policy implications according to this NYT review – the OldProf has this on the reading list, but is still catching up], and […]

The Fourth Amendment and the Economic Spillover from NSA Surveillance to E-Commerce

The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized. All […]

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