We tend to abstract from the conventional economic wisdom that “bouncing back” to the economy that existed prior to March 17, 2020 is a great idea. The economic structure in America was already deeply flawed and damaged from 20 years of economic integration with the rest of the world and...

Our article argues that the structure of the U.S. economy had already been damaged by the political promotion of disastrous trade deals.The trade deals caused the American economy to bifurcate into a component of big companies that benefit from global trade, and the rest of the economy that is...

Much of the academic analysis of American crony corporate capitalist economy addresses the micro economic effect on how individual firms use political influence to skew financial benefits to themselves.The more damaging economic effect of crony capitalism is on the functioning of the national...

The National Bureau of Economic Research (NBER) was founded in 1920, largely in response to controversies between free market advocates and proponents of centralized government planning, over the “fair” distribution of income in the American economy. As a result of an early agreement between...