Economists have received more attention from the media in the past decade than ever before. Finally, economics is accessible to the public. However, this newfound relevance has brought economists some negative attention; there is a litany of recent hit pieces targeting the profession as a whole. This article enlists economists Tyler Cowen, Scott Sumner and Alex Tabarrok, who give their thoughts on these new developments.
Economic theory indicates that the modern US patent system is counterproductive. How can we change this?
Yes, inflation is an increase in prices. But what does it mean in the larger scale of things?
Can we really use tariffs to make other countries play fair?
Machines today can prepare your food, clean your house, and build a whole lot more machines. They’re out of control, coming to take our jobs and impoverish people—or are they?
For over a century, different opinions have formed about the causes of economic “booms and busts,” an apparent cycle of financial activity. The Austrian and Keynesian schools of thought completely disagree on this matter, and the pertinent solutions. Who is right—and why?
Today, Chile prospers while Venezuela starves. What caused the divide between two once-similar nations?