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US federal research and development spending as a share of GDP has fallen by nearly two thirds since the mid-1960s — a trend accompanied by decades of low productivity growth. In a recent extended episode ....
Would Biden-onomics be good or bad for productivity growth? The issue is an important one. Productivity growth is the most important factor driving overall economic growth and rising living standards. Before he left office in ....
A currently unfashionable notion: A corporation should be run primarily for the benefit of its shareholder owners by maximizing its value. The most provocative distillation of the idea is Nobel laureate economist Milton Friedman’s famous ....
Last January, the Department of Housing and Urban Development proposed a new rule that would govern its program participants’ duty to affirmatively further fair housing (AFFH). One of the proposed rule’s objectives was to increase ....
Emergency lockdowns have been successful in keeping ICUs from being overwhelmed, but as the economy reopens, virus spread continues, generating recessionary pressure on the economy. There are at least two competing views on how the ....
The 20th century was the American Century. And one reason for that primacy was America’s century-long global leadership in scientific research. That societal effort raised American living standards and helped us win wars both hot ....
How open to creative destruction is the American economy? Does GDP growth really benefit Americans in an age of already high living standards? Is innovation good or bad for the labor market? Arthur Diamond joined ....
The last thing that highly indebted Italy and Spain with their weak banking systems need is a strong Euro. Yet that is exactly what they are getting courtesy of a rapidly weakening US dollar. This ....
One of the most contentious parts of the “phase four” economic support and stimulus package floundering in Congress right now: What to do about that $600 weekly federal payment to supplement standard state-provided unemployment benefits? ....
Is creative destruction too disruptive and destructive? Given our standard of living, does America still need innovation? Arthur Diamond appeared on the Political Economy podcast to discuss how innovative dynamism improves our lives. Arthur is ....