New Economic Thinking

Mariana Mazzucato has demonstrated that the real driver of innovation isn't lone geniuses but state investment. Now she's working with the UK government, EU and UN to apply her moonshot approach to the world's biggest challenges

A very brief summary of "Capital in the Twenty-First Century"

Thomas Piketty isn’t a household name, although that may change with the English-language publication of his magnificent, sweeping meditation on inequality, Capital in the Twenty-First Century. This is a book that will change both the way we think about society and the way we do economics.

There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis. To improve the state of the world, the World Economic Forum is starting The Great Reset initiative.

Introduction Blair and Brown’s banker Financial services for the poor Meet the impact gang! Saving capitalism Privatising government Problems and solutions The fascist model Freed from regula…

A rip in the fabric of the economy won’t be healed easily, and denial of the severity of the crisis won’t solve it.

The official statistics say that the financial crisis is behind us. It's not.

What capitalism prioritizes, the world does more of. So how can we change capitalism so that it focuses on what humans really want and need? Entrepreneur Andrew Yang has a surprising proposal.

Why did America listen to the people who thought we needed “more millionaires and more bankrupts?”

Illus

You might disagree with Milton Friedman’s famous claim that the sole social responsibility of business is to increase its profits. But you can’t deny that it sounds simple and straightforward. Here’s the full Friedman, as originally expressed in his 1962 book Capitalism and Freedom, then exposed to a larger audience in a 1970 New York […]

What economists have gotten wrong for the last few decades

Paul Krugman and other mainstream trade experts are now admitting that they were wrong about globalization: It hurt American workers far more than they thought it would.

A new plan from the United Kingdom suggests that a onetime pandemic levy on a country’s wealthiest citizens could be the most practical and ethical way to pay for stimulus plans.

As the world staggers from one disaster headline to another, it feels like a black-and-white newsreel from the 1920s is unspooling. Once again, our sense of security has been shaken to its foundational core; once more, human life is being weighed ruthlessly against compelling economic imperatives.