Sane World News Today

CAMBRIDGE — It is common to think of US-China tensions as the inevitable result of stark differences between the two countries. The United States has a fully capitalist market economy, whereas the Chinese government keeps a strong hand on the economic tiller. For all its faults, the US is a democracy, whereas China is a single-party system that brooks no political challenge.

CAMBRIDGE — Conventional economics has always had a blind spot when it comes to jobs. The problem goes back to Adam Smith, who placed consumers, rather than workers, on the throne of economic life. What matters for well-being, he argued, is not how or what we produce, but whether we can consume our preferred bundle of goods and services.

CAMBRIDGE — Conventional economics has always had a blind spot when it comes to jobs. The problem goes back to Adam Smith, who placed consumers, rather than workers, on the throne of economic life. What matters for well-being, he argued, is not how or what we produce, but whether we can consume our preferred bundle of goods and services.

 CAMBRIDGE — With the United States leading the way, the world seems to be entering a new era of economic nationalism, as many countries prioritise their domestic social, economic and environmental agendas over free trade and multilateralism. While President Joe Biden’s approach is more measured and open to international cooperation than Donald Trump’s was, it nonetheless

 CAMBRIDGE — With the United States leading the way, the world seems to be entering a new era of economic nationalism, as many countries prioritise their domestic social, economic and environmental agendas over free trade and multilateralism. While President Joe Biden’s approach is more measured and open to international cooperation than Donald Trump’s was, it nonetheless

Dani Rodrik Says More… Project Syndicate (PS): “What some decry as protectionism and mercantilism,” you wrote last month, “is really a rebalancing toward addressing important national issues”. As you explain in your 2017 book, “Straight Talk on Trade: Ideas for a Sane World Economy”, the blind promotion of unbridled globalisation was never good economics. What forgotten or

Dani Rodrik Says More… Project Syndicate (PS): “What some decry as protectionism and mercantilism,” you wrote last month, “is really a rebalancing toward addressing important national issues”. As you explain in your 2017 book, “Straight Talk on Trade: Ideas for a Sane World Economy”, the blind promotion of unbridled globalisation was never good economics. What forgotten or

CAMBRIDGE — “The era of free trade seems to be over. How will the world economy fare under protectionism?”This is one of the most common questions I hear nowadays. But the distinction between free trade and protectionism (like the one between markets and the state, or mercantilism and liberalism) is not especially helpful for understanding the global economy. Not only does it

Economists have long argued that productivity is the foundation of prosperity. The only way a country can increase...

CAMBRIDGE — Economists have long argued that productivity is the foundation of prosperity. The only way a country can increase its standard of living sustainably is to produce more goods and services with fewer resources. Since the Industrial Revolution, this has been achieved through innovation, which is why productivity has become synonymous, in the public imagination, with