• “Lack of Competition Generates Hubris…”
    This 18 min. read saves you up to 13 hours
    For your knowledge advantage, we put together the most actionable insights from 2 getAbstract summaries (2 books with a total of 624 pages) on this topic. If you did this work yourself, you would be busy for at least 731 minutes (about 13 hours). Learn more.
    “Lack of Competition Generates Hubris…”

    …and unfortunately, this also applies to the economic system the world largely adopted and is now relying on: capitalism. The world’s leading inequality scholar, Branko Milanović talks about global income disparities, resurgent ideologies and the…

  • On the (Economic) Effects of Immigration
    Photo by Andrew Schultz on Unsplash
    This 4 min. read saves you up to 39 hours
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    On the (Economic) Effects of Immigration

    The US government suspended many employment visas through the end of 2020. Does that make economic sense?

  • FOCUS: The Decline of Democracy
    This 2 min. read saves you up to 27 hours
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    FOCUS: The Decline of Democracy

    The think tank Freedom House has published a “Freedom in the World” report every year since 1973. Last week, it released its latest edition – and it recorded the fourteenth straight year of deteriorating freedom.

  • “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…

  • “Public Attention Is Not Awarded Rationally. It Has To Be Carried by a Story”
    Robert J. Shiller, Kai Nedden/laif
    This 7 min. read saves you up to 8 hours
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    “Public Attention Is Not Awarded Rationally. It Has To Be Carried by a Story”

    In his new book, economist and Nobel laureate Robert Shiller argues that he and his fellow dismal scientists need to look beyond the usual data point: Stories are what really drive decisions to spend, save…

  • “When Piketty said returns on capital are high and only go higher, I thought he was wrong”
    Denise Hearn and Jonathan Tepper / mythofcapitalism.com
    This 7 min. read saves you up to 7 hours
    For your knowledge advantage, we put together the most actionable insights from one getAbstract summary (one book with a total of 320 pages) on this topic. If you did this work yourself, you would be busy for at least 377 minutes (about 7 hours). Learn more.
    “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…