The battle between new smartphone-enabled 'transportation network companies' and legacy taxicabs largely mirrors the age-old war over productivity, a war that only ever has one outcome.
Aereo’s system was a case of legal engineering rather than technical ingenuity.
The Treasury and Federal Reserve, afraid of congressional opposition, sought G-7 support for accelerated SIFI designations of capital markets firms.
Despite an electorate that is increasingly hostile to the European project and the risk that Europe could be drifting towards Japanese-style deflation, European policymakers remain complacent.
The U.S. dollar will remain the world's reserve currency because no other major currency offers such liquidity, depth of financial markets, and store of value.
Published 300 years ago, what made The Fable of the Bees radical wasn’t the idea that the passions could serve the public good. It was that the burgeoning consumer society should follow the free play of human desires rather than Christian or classical ethics.
The proposed Keystone XL oil pipeline has taken more than five years to approve and Washington bureaucracy will likely delay it for months if not years to come, at the expense of real, market-driven job creation.
The standard assumption about the superior efficiency of a carbon tax relative to bans and energy consumption standards is deeply problematic for both scientific and political reasons.
The country is awash in legislative efforts to increase regulation of agriculture, but only California has had the chutzpah to impose the preferences of that state’s voters on the rest of the country.
With European policymakers complacent, it is unlikely that progress will be made this year in reducing Europe’s record unemployment rate or in preventing a further fragmentation of its politics.
The road back for a broken company has always been long and hard. But today it is longer and harder than ever. What’s needed is serious regulatory relief and some very big, very long overdue tort reform.
What a careful, informed, balanced, and intelligent discussion of risk management tells us about the high price of extreme risk.
Many companies make things you'd never discuss at a cocktail party, yet are indispensable for other things that you would.
Interest rates in the market for U.S. Treasury debt display surprising behavior—behavior that previous market participants considered simply impossible.
If the overall pattern is so positive—for investors, companies, and even employment—why is private equity so controversial?
Britain has begun to make the United States appear, by contrast, a nostalgic bastion of unchanging political custom and ideological continuity.
The Federal Reserve has a 'triple mandate.' Grasping this allows us to understand why the Fed, while not doing so well at stabilizing prices or maximizing employment, has nonetheless gained ever greater power and status.
What the government should do with its large stock portfolio.
One year after having received a $150 billion bailout package from the International Monetary Fund and European Union, Greece is back at the public trough asking European taxpayers for another bailout package.
We have a lot to learn from Gerald Ford’s response to New York City’s fiscal crisis.