Economics

Project Syndicate provides readers with original, engaging, and thought-provoking commentaries by global leaders and thinkers. By offering incisive perspectives from those who are shaping the world’s economics, politics, science, and culture, Project Syndicate has created an unrivaled global venue for informed public debate.

BARRY EICHENGREEN - SEOUL – Donald Trump took office promising a raft of sweeping economic-policy changes for the United States. He has quickly discovered, like previous US presidents, that America’s political system is designed to prevent rapid, large-scale change, by interposing formidable institutional obstacles, from the Congress and career...
MICHAEL HEISE - MUNICH – One of US President Donald Trump’s most significant reform proposals is aimed at the American tax system. His administration wants not only to lower the overall tax burden, but also to “rebalance” the tax system to encourage domestic production and exports, possibly with a...
J. BRADFORD DELONG - BERKELEY – Today, the world’s population is, on average, about 20 times richer than it was during the long Agrarian Age. Between 7000 BC and AD 1500, resources were scarce, technological progress was slow, and Malthusian pressures kept almost all human populations at a near-subsistence level,...
ANNE KRUEGER - MEXICO CITY – According to today’s populists, “good jobs” in US manufacturing have been “lost” to competition from imports and preferential trading arrangements. But this narrative does not fit the facts, because imports create jobs, too. For starters, many jobs are directly connected to trade. Think of...
ROBERT SKIDELSKY - LONDON – Early last month, Andy Haldane, Chief Economist at the Bank of England, blamed “irrational behavior” for the failure of the BoE’s recent forecasting models. The failure to spot this irrationality had led policymakers to forecast that the British economy would slow in the wake...
JEFFREY FRANKEL - CAMBRIDGE – Debates about financial regulation tend to focus on quantity, not quality. But “more versus less” isn’t so much the issue; the details are. And when it comes to financial reform in the United States, President Donald Trump is unlikely to get the details right. Earlier...