One common argument is that while Keynesians rightly call for temporary deficit spending to offset private sector contractions, politicians ignore the temporary part.
Africa's Great Lakes region can silence the guns, boost trust and trade between neighbors, educate millions of out-of-school children, empower women, and create economic opportunities that will help the countries forge a path to prosperity, good governance, and lasting stability.
It is most unfortunate that it takes a severe crisis to get anything done on Capitol Hill, but we fear that a new one will be required to effect material change.
Unlike Bangladesh, Texas is already extremely wealthy and can afford to adopt a more balanced and humanitarian approach to economic growth. Instead, the former seems to be modernizing while Governor Perry pushes his state towards an unreasonably purist form of capitalism.
Latin America continues to be one of the fastest growing regions in the world, even though growth slowed down a bit in 2012. However, these blissful external conditions will not last forever.
Writing a book is like going on a journey. You explore the terrain, make discoveries, meet interesting people, and maybe learn a new language. The longer the book-writing, the longer the journey.
Grantham's greatest concern, though far from his only one, is that the world's farmers may not be able to produce enough food at affordable prices to feed the 9 billion or so people that are projected to inhabit the planet by mid-century or sooner.
When individuals feel they are valued members of a team, the company can adapt to change, increase its competitiveness, and survive the harshest of economic swings.
Capitalism's founder Adam Smith's "invisible hand" is indeed invisible to most of society. However, that invisible hand now belongs to big business, finance and government -- to whom it is very visible indeed.
Reinhart and Rogoff seem to be correct in one basic respect: Economic growth does seem to be lower in very-high-debt countries. But the entire debate over their paper's flaws begs the central question of cause and effect. Is growth lower because of the high debt? Or does cause-and-effect the other way around?
* First-quarter growth accelerates at 2.5 percent rate * Inventories, consumer spending boost growth * Business spending on equipment, software ...
Is growth in GDP really the best way to judge how the economy is doing? What does GDP actually tell us, and what does it leave out? Can an economy be growing and still be on its way off the rails?
The notion that the economic benefits flowing to a wealthy class will "trickle-down" is a non-sensible theory and only results in "trickle" menial, low-pay jobs, private charity, and public taxpayer-supported welfare, in plain view and disguised.
Goldman Sachs economists predicted on Friday that the federal budget deficit will shrink over the next few years by more than previously projected. ...
A debate has emerged around where developing countries should invest their resources, including the funding they receive from entities like the World Bank. Should they invest in "infrastructure," or in more "human development" -- such as health, nutrition, and education?
BOSTON -- The overhang of student debt on young workers may inhibit consumption and future borrowing, researchers at the Federal Reserve Bank of New Y...
We're now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn't have enough purchasing power to keep the economy going.
America is not broke. We are not in a time of "scarcity" and when we buy into this fallacy, we contribute to political decisions that actually will do damage to our standard of living and that of our children.
Entrepreneurship is a growing global craze, no doubt about it. Case in point: More than 2,000 people from 130 countries met in Rio de Janeiro, Brazil, last week to share stories about the obstacles and opportunities of building startup communities in cities across the globe.
While Obama may not be literally obsessed with economic growth, what should we say about an Economic Report of the President that mentions "growth" 371 times, "sustainable" 35 times, and "natural resources" six times? The glass is not empty, but it's nowhere close to half full either.
There is a consensus that the deficit should be, if not our main priority, at least one of our top priorities, and it is based generally on the common sense notion that we cannot continue spending vast amounts of money we do not have indefinitely.
While economic growth has lifted many people out of poverty, some regions can now be singled out as places where large numbers remain below the extreme poverty line.
As the economy twists downward for most of us -- as the politics of money tightens like a noose around everything we love -- I think about the disintegration of human values, which insane logic and the Republicans tells us we can no longer afford.
As the federal, state, and local governments do less for folks in need, and charge more for what they do, people in the middle and lower rungs of the distribution tend to suffer disproportionally. We really need the overdue increase in jobs and wages now.
Please, Mr. President: no grand bargains with the defeated. No toleration of their scorched-earth policies. Stop inviting Republicans to dinner. Start eating them for lunch. Democratic charm-offensives focused on Republican lawmakers can come at too high a price.
