The Economy
Economics for a Changing World
The Core Economics website Team
From Our Blog
Fifty-nine years ago, William Proxmire of the now-Rust Belt state of Wisconsin took the floor of the US Senate in support of a bill that would lower tariffs on imported goods. My then-boss had brought with him a few hundred of the many pro-free-trade letters that our office had received in support of the bill. Liberalism ' and not just a reduction in trade barriers ' is now in trouble.
Posted on November 8, 2017
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It is difficult to think of a literary narrative, other than Robinson Crusoe, that economists have so enthusiastically appropriated as part of their cultural heritage. The image of Robinson, shipwrecked, alone, and forced to decide how to use his finite resources, has become almost emblematic in the teaching of the problem of choice in economics.
Posted on September 13, 2017
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The evolution of the distribution of income among individuals within countries and across the world has been the subject of considerable academic and popular commentary in the recent past. Works such as Thomas Piketty's Capital in the 21st Century or Joseph Stiglitz's The Price of Inequality have become unlikely bestsellers, garnering a startling degree of both academic and popular interest.
Posted on June 21, 2017
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For more than a century, capitalism has been the dominant planetary system for supplying people with, quite literally, their daily bread. It transformed our cultures and knit us together in a global network of buying and selling. But how do we understand it? How do we make sense of it? What do we talk about when we talk about capitalism? Recently we did a study to track talk of capitalism over two hundred years.
Posted on April 26, 2017
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