Benign Effects of Automation: New Evidence from Patent Texts
A new study on automation suggests that even if the robots are coming for your job, they create even more jobs.
Read more...Category Archives: Economic fundamentals
Eastern Europe Showed How Neoliberalism Produces Reactionary Populism, Like Trump
Trump’s antecedents in Eastern Europe show how widening inequality and failed economic promises pave the way for reactionary politics.
Read more...Tax Cuts, Wages and Salaries: Will Lower Taxes and Profit Repatriation Help Workers?
Debunking some of the claims of tax “reform” proponents, like that giving companies a tax break to repatriate profits will create jobs.
Read more...Japan’s Tight Labor Market Generates Deflation…
Puzzling over Japan’s super low unemployment with continued deflation.
Read more...Global Value Chains, Trade Shocks and Jobs: An Application to Brexit
A conservative analysis, incorporating the impact on value chains, estimates the UK will face a 4.7% GDP fall in a hard Brexit scenario.
Read more...Nothing Natural About the Natural Rate of Unemployment
Lambert here: “Natural” is indeed one of those words you should watch out for (like “we”). As in, for instance, “natural disaster.” And, of course, the Natural Rate of Unemployment (NAIRU). It’s often amusing to replace “natural” with “artificial”; generally there’s no loss of meaning, and often additional clarity is induced. By Edmund Phelps, the […]
Read more...Don Quijones: Could Italy’s Banking Crisis Drag Down Mario Draghi?
Mario Draghi was governor of Italy’s central bank from 2005 to 2011, overseeing the now very sick banking system. Will his past haunt him?
Read more...The Impact of Brexit on the Irish Energy System – Pragmatism vs. Principles
Irish energy provision illustrates some of the downside of Brexit for the Irish Republic and Northern Ireland.
Read more...Capitalism: Not With a Bang But With a (Prolonged) Whimper
The question: How does capitalism end?
Read more...How Despair Helped Drive Trump to Victory
Trump did well in places that have borne the brunt of declines in manufacturing, mining, and related industries since the 1970s.
Read more...Yet Another Brexit Train Wreck – UK to Fall Outside EU Auto Approvals Regime – and It Doesn’t Even Register With Officials
Parliamentary testimony on the auto industry lifts another Brexit rock, revealing new creepy crawlies.
Read more...Why Does the Euro Area Have Such Low Growth and High Unemployment?
Why has the Euro area not delivered on its economic promise?
Read more...More Signs Brexit Negotiations Coming Apart
More less than encouraging news on the Brexit front.
Read more...Trump’s “$250 Billion” of China Trade Deals: As Usual, Hype Greatly Exceeds Reality
Trump’s much ballyhooed China trade deal gives way less than meets the eye.
Read more...European Worries About Isolationist Trends
European leaders ponder how to defend internationalism. They realize that the response to the crisis created innocent losers. But what now?
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