In recent years, major exporting economies experienced rising geopolitical risk. From the perspective of the US and the euro area, we employ detailed product data panels to study the consequences of trading-partner geopolitical risk shocks on bilateral imports. We find that these shocks lower...

If mainstream economics teaches us one lesson, it’s that when something becomes unaffordable, it’s because of a shortage. And that brings me to the US housing crisis. In America, housing is getting less affordable. So there must be a short supply, right? Not necessarily. You see, shortage is...

Sequels, reboots, franchises, and songs that remake old songs—does it feel like everything new in popular culture is just derivative of something old? Contrary to popular belief, the reason is not audiences or marketing, but Wall Street. In this book, Andrew deWaard shows how the financial...

This study examines the declining usage lifespan of household consumer durables in the United States between 1970 and 2018, situating the phenomenon within a heterodox political economy framework. While mainstream economic narratives attribute the rising rate of consumer durable waste over this...

The de facto politically independent Taiwan is coming under increasing pressure from the People's Republic of China (PRC) and its claim to reunification. In addition to militarily threatening gestures, Beijing is employing economic and political means as well as cyberattacks and disinformation...

Under the current global environmental governance and trade regimes, several initiatives, such as the new United States-Mexico-Canada Agreement, the European Union's European Green Deal, and regional free trade agreements the European Union has implemented with strategic partners like Mexico,...

The semiconductor industry stands at the center of the intensifying Sino-American trade conflict. Employing a multi-country, multi-sector general equilibrium modeling framework with imperfect competition and heterogeneous firms, we perform qualitative and quantitative analyses of protectionist...

A close reading of Russia's nuclear statements and actions during the first seven months of its war against Ukraine reveals a threefold approach. Moscow is walking a fine line between a well-crafted and successful deterrence strategy to prevent foreign military intervention; a more modest and...

When it comes to social institutions, not-for-profit organizations (NFPs) allegedly strike a balance between the private and public realm. While privately owned and operated, not-for-profits are distinguished by their ostensibly public purpose – in eschewing private profits, they claim to make...

The concepts of rentiership and intellectual monopoly have gained increased prominence in discussions about the transformation of global capitalism in recent years. However, there have been few if any attempts to construct measures for rentiership and intellectual monopoly using firm-level...