The conventional wisdom in many circles is that globalization and public expenditures are at odds with each other. The author shows that, historically speaking, this conflict has not been the case.

Many observers argue that recent votes unfavorable to the European Union are the result of specific factors in each country. The authors argue there is a more central problem. The European social model has been seriously undermined, partly because of budgetary agreements of the EU and a zealous...

How bad could recession get? These two economists use the last three recessions to come up with the range of possibilities. Here is what could happen.

There is a widespread view that high tax rates impede economic growth. This has certainly not been true in the United States. This economist argues that having a tax system akin to the one in the United States would enable countries in Latin America to spend on public investment in education,...

This economist defines good jobs as those that pay a reasonable minimum and also include health care and pension benefits. The share of such jobs in the economy has declined since 1979. For men, the decline is especially sharp. Given that the workforce is better educated and more experienced, a...