In The News

Joseph Stiglitz, winner of the Nobel Prize for economics in 2001, complains about unfair trade, excessive debt and poverty, yet still argues that globalization offers enormous potential if managed properly by nations. He compares complaints about globalization to complaints about unemployment during the Great Depression of the 1930s: If governments had ignored economist John Maynard Keynes’ call...

It’s only because of inequalities of wealth or skills that people, products and ideas shift around the globe. Such shifts influence individual communities with increases or decreases in jobs, crime or education – either reducing or exacerbating the inequality. Economists suggest that increased trade should reduce inequality at all income levels. But instead, author Daniel Altman argues, the major...

When it comes to technology, businesses and consumers prioritize power over safety. With fierce global competition in the computer and mobile-phone markets, firms move products to market quickly, regardless of risks. Apple Computer and Dell Computer recently recalled lithium-ion batteries, which produced high power, but were also prone to explosions. In the competitive markets, the companies...