Richard Baum does not foresee China and the US “trading places†in the near future but does not rule out this scenario in twenty to thirty years. He evaluates China’s role in the international system. China’s strong economic growth continues, though probably slowing, and...

Scientists who make breakthrough discoveries can receive above-normal returns to their intellectual capital, with returns depending on the degree of natural excludability, that is whether necessary techniques can be learned through written repons or instead require hands-on experience with the...

Thomas Palley argues that the causes of the “Great Recession†are not primarily to be found in the asset bubble that was allowed to inflate in the housing market and in the financial sector. The bubbles actually reflect the longer-term basis for stagnation that originate in the...