In the fifteen years leading to mid-2007 the world economy enjoyed unparalleled stability, with steady growth and low inflation. But the Great Recession has seen the worst economic turmoil since the 1930s. A dramatic plunge in trade, output, and employment in late 2008 and 2009 has been followed by an agonizingly weak recovery. What explains [...]

Environmental regulations aren’t always about environmental protection. Today, more than ever, regulations seem to have been designed by activists, rather than scientists. Regulators Gone Wild is the shocking inside story of how the green movement and big government have united to stifle American productivity and hamstring American innovation, not by design, but as the inevitable [...]

The discipline of economics is not what it used to be. Over the last few decades, economists have begun a revolutionary reorientation in how we look at the world, and this has major implications for politics, policy, and our everyday lives. For years, conventional economists told us an incomplete story that leaned on the comfortable [...]