The power of ideas to affect policy -- Ideas and policies that created the first global economic crisis of the twenty-first century -- Reading tea leaves to "know" the future : classical theory's ideas about a capitalist system -- A penny spent is a penny earned : Keynes's ideas on a capitalist...

"As the Japanese economy languished in the 1990s, Japanese government officials, business executives, and opinion leaders concluded that their economic model had gone terribly wrong. As government officials and industry leaders scrutinized their options, they selected reforms to modify or...

The long-lasting, widespread COVID-19 pandemic has imposed huge challenges on public health as well as economic recovery. Governments must take an active role in designing and enforcing economic policies to address various problems that pure market forces cannot, such as externalities and the...