Essential reading
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The Keynes comeback
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Economics: What went wrong with economics | The Economist
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Dismal science
THE London School of Economics was once so popular among young American scholars that British students used to joke that LSE stood for “Let's See Europe”. A distinguished sightseer, Paul Krugman, returned to the LSE on June 8th to give the annual Lionel Robbins memorial lectures. Mr Krugman, who gave the Robbins lectures 21 years ago, tried to answer two big questions in the course of his three ta
Light work
WHEN America's National Research Council sent two engineers to supervise a series of industrial experiments at a large telephone-parts factory called the Hawthorne Plant near Chicago in 1924, it hoped they would learn how shop-floor lighting affected workers' productivity. Instead, the studies ended up giving their name to the “Hawthorne effect”, the extremely influential idea that the very act of
Out of Keynes's shadow
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Early in, early out
Early in, early outAn economy not hit directly by the financial storm is shrinking much faster than any other developed one NO EVENT is seared upon Japan's recent memory like the bursting of the country's credit-inflated bubble in land and share prices after 1990. Yet, since the autumn, the speed with which Japan's industrial output and exports have fallen almost certainly signals a slump of unpre
Stumble or fall?
OpinionLeadersLetters to the editorBy InvitationCurrent topicsUS elections 2024War in UkraineIsrael and HamasThe World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceCurrent topicsUS elections 2024War in UkraineIsrael and HamasThe World Ahead 2024Climate changeCoronavirusThe world economyThe Economist explainsArtificial intelligenceWorldThe world t
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Carrots dressed as sticks
Applied thinking
Common-room quarterbacks
Withdrawal symptoms
Efficiency and beyond
The other-worldly philosophers
I am just a poor boy though my story's seldom told
Bonus link exchange
The money-go-round
When a flow becomes a flood
Fare well, free trade
The battle of Smoot-Hawley