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Our book, What Capitalism Needs, spells out what capitalism needs, drawing on the ideas of great but unduly neglected economists of the past including Friedrich List, Joseph Schumpeter, Maynard Keynes and Albert Hirschman—but with most attention being paid to Adam Smith and Karl Polanyi.
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Governmental responses to the Covid 19 pandemic—in the United States, the United Kingdom, and elsewhere—have been deeply inequitable. People of color and people living in low-income households and neighborhoods have experienced compounded pandemic impacts. Restrictions on public services and private activities have disproportionately affected employment, housing, and financial security for women, people of color, and […]
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The Covid-19 pandemic represents a profound challenge for all of mankind. A year after the first outbreak was discovered, deaths directly caused by the virus surpassed 2.5 million, and that number was almost surely an undercount. The discovery of several effective vaccines gave the world hope, but also led to conflict about who should get […]
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Wallace Arthur, author of The Biological Universe, examines the link between the flight of the Mars helicopter Ingenuity and the possible existence of past life on the red planet.
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There is no question that COVID-19 has brought tremendous suffering around the globe. We have lost over one million humans to the pandemic. Some who have been infected have long-lasting and devastating symptoms. People have lost their jobs and some go hungry or don’t have a place to live. There has also been significant mental […]
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The world economy is experiencing, because of the Covid-crisis and the associated lockdowns, its worst slump in peacetime since the great depression of the 1930s. A look at the main economic dislocations of the 100 years shows the disruptive effects of World War I, the hyperinflation of the 1920s in Central Europe and Soviet Russia, […]
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For more than 30 years, the public sector has focused on delivering public services more efficiently. Rationalization efforts, productivity campaigns and spending cuts have replaced the postwar expansion of public sector. Years of cost saving have eliminated the slack in public service organizations, and further cuts in public expenditure are likely to hurt public employees, […]
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The importance of competent government is perhaps the most important of the many painful lessons that are being learned during the pandemic. The significant variation in death rates across the globe illustrates there are many examples of governments responding well, less well, and disastrously. As the pandemic is ongoing and geography varies, care needs to […]
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