The state of poverty in the United States and Western Europe: five theoretical approaches seeking to explain the variance -- The challenge to America -- The historical experience -- Attitudes, beliefs, and values -- System differences as explanations -- The role of political elites -- The role...

American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient...

"There is a puzzling disconnect between rising income inequality and public opinion in the United States. One might think-and many politicians argue-- that as inequality increases the public on the losing side of the inequality divide would demand more redistributive action from government. But...