economics

Scarcity: A History from the Origins of Capitalism to the Climate Crisis by Fredrik Albritton Jonsson and Carl Wennerlind, Harvard University Press, 2023 The premise behind Scarcity, a new book by two historians at US universities, is…

As electric vehicles proliferate, some gas stations are making expensive overhauls to add EV charging stations. In most cases, they aren't scrapping traditional liquid fuel pumps. But select locations, including an RS Automotive in Takoma…

WIRED via DAVE KARPFIt seems like this list surfaces on social media every year or so. People stumble across the “Long Boom” story, notice the “scenario spoilers” sidebar, and break out in fits of nervous laughter. The list is just…

Now, generative AI is the potential kill shot, the one that could cause copyright owners to surrender their library of scripts, created over decades, in exchange for promised benefits that will never arrive.When it comes to generative AI…

In an interview with The Economist released on Tuesday, JPMorgan Chase CEO Jamie Dimon expressed doubts about President Joe Biden's economic policies, dubbed "Bidenomics."Bidenomics is based on the idea that the economy grows best…

MILWAUKEE (PRWEB) July 06, 2023 In the 2023 AAEA…

If ChatGPT and generative AI live up to even a tenth of the hype surrounding them, wide-scale job losses might seem inevitable. But new economic data shows that the last big leap in AI did not coincide with a reduction of jobs in affected…

A tariff, in its simplest definition, is a tax imposed on imported goods — but there's a lot more to it than just that.Tariffs are a pivotal part of global trade, shaping the ebb and flow of goods between countries. From encouraging…

I’d be surprised if Andreessen’s highly educated audience actually believes the lump of labor fallacy, but he goes ahead and dismantles it anyway,  introducing—as if it were new to his readers—the concept of productivity growth. He argues…

Taiwan and the US on Thursday inked the first part of a new trade pact. Negotiated under the beak of a hawkish China, the pact is hailed by involved parties as the most significant trade deal between Taipei and Washington since…