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Articles

“We Lead the World in Science, and We Also Lead the World in Opposition to Science”
Jared Diamond, American historian and anthropologist, Pulitzer Prize-winning author, and UCLA professor, playing piano in the living room of his home in the Bel-Air neighborhood of Los Angeles; photo by Damon Casarez /Redux/laif
“We Lead the World in Science, and We Also Lead the World in Opposition to Science”

Jared Diamond, world-famous historian of societal crises and collapses, currently lives in self-imposed quarantine in California. When he’s not writing papers on the birds of New Guinea or playing Beethoven sonatas on the piano, he is concerned about the effect the current pandemic will have on his country and the world. What gives him hope?

The Opportunity Atlas
The Opportunity Atlas
How to Fix the American Dream

Five years ago, the economist Raj Chetty proclaimed the end of the American Dream on the basis of the latest data on economic inequality. Now he wants to revive it.

“The Emergence of Liberty Is Perhaps Even More Surprising than Economic Growth.”
“The Emergence of Liberty Is Perhaps Even More Surprising than Economic Growth.”

To get an idea of the political construction of the world of tomorrow, one has to travel back in time – sometimes a few thousand years. Renowned MIT economist Daron Acemoğlu talks about the making and the most interesting findings of his new book.

#getTogether

Column

Design Your New Normal
Design Your New Normal

Now is the time to evaluate what you have learned under the extraordinary pressure of the last weeks – and use that knowledge to influence the future of your organisation.

THE FOUNDATIONS OF CAPITALISM

Know What You're Discussing

Image of: The Wealth of Nations
Adam Smith

The Wealth of Nations

The classic par excellence: Adam Smith's seminal explanation of political economy.

CreateSpace
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Image of: The Great Leveler
Walter Scheidel

The Great Leveler

Want income equality? History says to start a revolution – a bloody, devastating one.

Princeton University Press
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Image of: Bourgeois Equality
Deirdre N. McCloskey

Bourgeois Equality

Why, beginning in the 1700s, did Europeans and Americans experience a drastic improvement in welfare?

University of Chicago Press
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Image of: Capital in the Twenty-First Century
Thomas Piketty

Capital in the Twenty-First Century

Piketty’s bestseller offers an exhaustive yet accessible historical perspective on inequality in rich nations.

Belknap Press
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Image of: Capitalism, Socialism and Democracy
Joseph A. Schumpeter

Capitalism, Socialism and Democracy

Economist Schumpeter called capitalism "creative destruction," and said it would self-destruct from stagnation and revolt.

Harper Perennial
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Image of: Straight Talk on Trade
Dani Rodrik

Straight Talk on Trade

Growing protectionist sentiment signals that the world needs a better approach to global trade.

Princeton University Press
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Image of: Capitalism, Alone
Branko Milanovic

Capitalism, Alone

Global convergence has now made it a capitalist’s world, but political approaches differ.

Belknap Press
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Image of: Capital
Karl Marx

Capital

The Marxist bible: In his economic masterwork, Karl Marx details capital accumulation and the exploitation of the proletariat.

Oxford University Press (USA)
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Image of: The Road to Serfdom
Friedrich A. Hayek

The Road to Serfdom

Why democracy and capitalism produce a better society than socialism and central economic planning.

Routledge
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Image of: This Changes Everything
Naomi Klein

This Changes Everything

Naomi Klein issues an impassioned cry to wake up and admit what’s happening around you.

Simon & Schuster
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Image of: The Myth of Capitalism
Jonathan Tepper and Denise Hearn

The Myth of Capitalism

Income inequality is the outcome, not the cause, of capitalism’s dysfunction.

Wiley
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Image of: The Return of Depression Economics and the Crisis of 2008
Paul Krugman

The Return of Depression Economics and the Crisis of 2008

If governments can make calm decisions and if investors don’t panic, economies can recover from all kinds of mayhem.

W.W. Norton
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IN CONVERSATION

How we got here

“You Can Watch the March of Ideas from the Minds of Economists and into Our Lives.”
“You Can Watch the March of Ideas from the Minds of Economists and into Our Lives.”

After decades of free-market policies in the United States and Britain, working-class voters are in full revolt. In The Economists’ Hour Binyamin Appelbaum surveys the last half-century and sees an obvious path from the economics of Milton Friedman, Arthur Laffer and others to today’s disgruntled masses.

Q&A

The Inequality Issue

“When Piketty said returns on capital are high and only go higher, I thought he was wrong”
Denise Hearn and Jonathan Tepper / mythofcapitalism.com
“When Piketty said returns on capital are high and only go higher, I thought he was wrong”

Income inequality within nations has increased steeply since 1980. This fact has become widely accepted as an elemental “flaw” of capitalism. Economists Denise Hearn and Jonathan Tepper disagree and give a different explanation: where there is no competition, inequality grows. With getAbstract, Tepper elaborates on the topic.

Q&A

On Basic Incomes and Foreign Aid

Efosa Ojomo, Clayton M. Christensen and Karen Dillon
Efosa Ojomo, Clayton M. Christensen and Karen Dillon
“When the Foreign Aid Industry Primarily Focuses on Empowering Entrepreneurs, It Will Win the Fight Against Poverty.”

In one of his last interviews, economist Clayton M. Christenen, who passed away in January, argues that only innovation can lift nations out of poverty.

Q&A

What about China?

Kai Strittmatter, Foto Anton Turovinin (Piper Verlag)
Kai Strittmatter by Anton Turovinin (Piper Verlag)
“We Can No Longer Afford the Naivety When It Comes to China Under Xi Jinping”

The “Middle Kingdom” is back. But not the way one had imagined in the West: While the Chinese economy is growing, the freedoms of the population are dwindling, says China expert Kai Strittmatter.

The A.I. Revolution

“Access to Much Greater Intelligence Will Be a Step-Change in Our Civilization”
Stuart Russell by Mehdi Chebil/Polaris/laif
“Access to Much Greater Intelligence Will Be a Step-Change in Our Civilization”

Leading computer scientist Stuart Russell on the major breakthroughs towards the first human-level AI, its foreseeable economic and social effects – and the risks of massive pullbacks on the way.

TOP ARTICLE SUMMARIES
Image of: Yes, contemporary capitalism can be compatible with liberal democracy
William A. Galston

Yes, contemporary capitalism can be compatible with liberal democracy

Good public policy can heal the rift between capitalism and liberal democracy.

Brookings Institution
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Image of: The Free-Trade Paradox
Alan S. Blinder

The Free-Trade Paradox

The politics of global trade can undermine its economic benefits.

Foreign Affairs
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Image of: Seven Fixes for American Capitalism
Peter Coy, David McLaughlin, Matthew Boesler, Carolynn Look, Katia Dmitrieva, Shawn Donnan and Andrew Mayeda

Seven Fixes for American Capitalism

In the US economy, new fixes that once seemed radical are now getting more attention.

Bloomberg Businessweek
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Image of: Economics After Neoliberalism
Suresh Naidu, Dani Rodrik and Gabriel Zucman

Economics After Neoliberalism

Modern economics needs a fresh way of thinking to address inequality and improve prosperity.

Boston Review
Zusammenfassung lesen
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