Noah Smith/Bloomberg View

Economists Give Up On Milton Friedman's Biggest Idea

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One of the core pieces of modern macroeconomic theory probably missed the mark.

Learning To Live With The Fed's Low Rates

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People are finding new reasons to be afraid of low rates.

How Finance Took Over The Economy

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Finance’s slice of the overall economy peaked at more 8 percent in the 2000s.

Low-Skilled Immigrants Are Good For The Working Class

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New research shows that low-skilled immigrants may do a lot more for the native-born working class than we thought.

Economists Warming To Government Intervention

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On many issues, economists are more likely than the public to summon the guiding hand of the state.

Searching For A Better Way To Measure Inequality

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One problem with the standard measure of inequality is that it only looks at a snapshot in time.

Tech Fuels the Winner-Take-All Economy

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A new paper by MIT economists argues that new companies are having trouble scaling up.

A Cheaper Way To Battle Recession

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One new idea for fiscal stimulus would have the government lend people money at very low interest rates.

Hey, Bernie Sanders, Trade Isn't All Bad

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But instead of thoughtful moderation of free-trade policy, what Sanders is offering is an upending of the conventional wisdom.