Cultural division in the United States
For many Americans, polarization is a major concern. They worry that diverging worldviews threaten to fracture a common American identity into competing subgroups, making it harder to interact, communicate, and trust one another. And while there are some signs of increasing division, it’s unclear how much American culture is really diverging. In a paper in the American Economic Journal: Applied Economics, authors Marianne […]
Artificial intelligence and financial stability
Jon Danielsson The use of artificial intelligence in the private sector is accelerating, and the financial authorities have no choice but to follow if they are to remain effective. Even when preferring prudence, their use of AI will probably grow by stealth. This column argues that although AI will bring considerable benefits, it also raises […]
Γήρανση, απασχόληση, ευημερία
Μεταφέρω επιστολή αναγνώστη με τίτλο “Live longer, in poverty” που δημοσιεύθηκε στην Εκόνομιστ της 21 Οκτωβρίου 2023. Ενδιαφέρει και τους νέους. “Successive governments and businesses are failing to plan for demographic change. We are not prepared for the aged to live to 100, let alone 120 (Technology Quarterly, September 30th). Short-term reactive policymaking has contributed […]
Trade theory and trade policy: The work of Max Corden, 1927-2023
Douglas Irwin 28 Oct 2023 Max Corden, who passed away in October 2023, was one of the great trade economists of all time. This column outlines his numerous contributions to the theory of international trade and trade policy, most famously in developing the idea of effective protection, in which the protection afforded to a final […]