Anticipating the consequences of globalization is one way of adapting to the rapid change. Increasingly, individuals acquire wealth not so much through hard work or innovation than by predicting globalization’s intricate twisting paths. Cities and citizens in the developed nations, while they...
Modernity has entered a stage in which space and time are being transformed, the cause and consequence of which is globalization.
Globalized modernity is risky, we have to deal with unforeseen and unwanted...
The Industrial Revolution may have been the result of an evolutionary change in human nature, argues Gregory Clark, an economic historian at the University of California, Davis. His research shows that, generation after generation, the wealthy people of England had more surviving children than the...
Click here for the original article on The New York Times website.
Economic experts are professing themselves confounded by continued US prosperity despite trade deficits and rising interest rates. Thomas Palley explains that export-led growth, or the exchange of goods produced in Emerging Market (EM) countries for US dollars, has contributed much to the buoyant...
Psychologists refer to the “elephant in the room” phenomenon as a condition where people talk about everything except the most important issue. I recently (January 10, 2006) attended a conference at Washington’s...
The highly anticipated French referendum on the EU constitution arrived this weekend: The vote was a resounding "Non." And with the Netherlands casting an even more strident "Nee" vote, observers, both European and worldwide, now wonder what lies ahead for the European Union....
Long road to EU: After two 'No' votes, Romanians and other candidates may have a lengthy wait to join the group
NEW YORK: France has been the driving force behind the European Union for decades, and yet on Sunday...
Cognitive dissonance is when thoughts and attitudes do not match behaviors. Humans are nervous about climate change, but they are not changing old habits around fossil fuels. “The more you understand the brutal logic of climate change – what it could mean, the effort necessary to forestall it – the...
Read the article.
David Autor, David Dorn, Gordon Hanson, and Kaveh Majl