Edition #23: April 15, 2024

Welcome to PS Economics, a weekly newsletter highlighting commentary on the most important issues in economics and finance.

Nonsense and Bad Rules Persist in Banking – Free to Read

Anat R. Admati debunks the misconceptions propagated by financial executives and economists opposed to regulatory reforms.

Is Techno-Monopoly Inevitable?

William H. Janeway assesses a new theory of “technological market power” and its effects on the modern economy.

China Confronts the Middle-Income Trap – Free to Read

Nouriel Roubini sees the shift back toward state capitalism as the biggest risk to the country’s future growth and development.

Can Europe’s Economy Exceed Expectations in 2024? – Free to Read

Kenneth Rogoff sees several reasons to be more optimistic than current forecasts suggest.

Saving Economics from the Economists

Clara Mattei and Aditya Singh trace the roots of the discipline’s indifference to social justice to early-twentieth-century Italy.

The Right Response to China’s Electric-Vehicle Subsidies

Gernot Wagner and Shang-Jin Wei explains why the United States and the European Union are considering tariffs – and why that’s a bad idea.