Until the 2008 global financial crisis, mainstream U.S. macroeconomics had taken an increasingly benign view of economic fluctuations in output and employment. The crisis has made it clear that this ...

Two prominent economists, who both were on short lists to run the Federal Reserve, on Tuesday rejected the benign view that inflation would continue to gradually decline to the Federal Reserve’s ...

They have teamed up to write Power and Progress. Looking at the broad sweep of history, they challenge the view that technological advances lead inevitably to social progress. Whether medieval ...