Peter Thiel’s Zero to One is a provocative and stimulating book, however, the Silicon Valley institutional structure may not drive the future as much as it has the recent past.
If scientists cannot or will not explain the issue, then farmers have very little chance of protecting a technology that has immense value to consumers.
New Treasury Department regulations aimed at restricting corporate inversions are more about politics than policy. They won’t help the economy and may have the unintended effect of prompting companies to move management control abroad.
The power of individuals and markets in the development process is key to the continued economic dynamism of sub-Saharan Africa.
The minimum wage is a facile non-solution for the complicated problem of poverty in America.
Prospects for the humanities can be more promising than ever.
The link between the balance of payments, GDP, and jobs is not as Paul Krugman and others assume.
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.