Incentives

AEI Debate on “The Upside of Inequality”

I summarize my Top 10 NYT bestselling book, The Upside of Inequality: How Good Intentions Undermine the Middle Class for the American Enterprise Institute with Steven Roberts.  The book argues that today's knowledge-based economy is constrained by ... [Read More]

Effect of Investment on Productivy_Graph

Constraints to Growth

In a recent blog post, Michael Pettis‎ notes that while more invested capital per worker increases productivity in developing economies, economies have varying abilities to invest capital effectively. He labels this ability:‎ “social capital ... [Read More]

How to Fix America

Which Tools Should Washington Use? Unleash the Private Sector By Edward Conard | May 13, 2013 In "Can America Be Fixed?" (January/February 2013), Fareed Zakaria argues that American democracy has grown increasingly dysfunctional since the 1970s ... [Read More]