Edition #4: November 23, 2023

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

What Economics Was Missing

Pinelopi Koujianou Goldberg highlights two especially relevant insights from the recipient of this year's Nobel Prize.

The New Industrial Policy and Its Critics

Laura Tyson and John Zysman explain how a government-led economic strategy can promote market competition and innovation.

America after Peak Cars and Snacks

Todd G. Buchholz predicts that consumers’ declining appetite for gas guzzlers and calories will reshape the US economy.

China’s Self-Inflicted Economic Wounds – Free to Read

Takatoshi Ito thinks President Xi Jinping bears considerable responsibility for the country’s sharply slowing income growth.

The Revenge of the Inflation Doves

Jayati Ghosh, Joseph E. Stiglitz, James K. Galbraith, and Jeffrey Frankel ask whether inflation really was transitory all along.

The Risks to India’s Rise – Free to Read

Anne O. Krueger warns that, unless Narendra Modi’s government changes course, the country will not reach its potential.

Holiday 2023 Reading List – Free to Read

In the Read More Holiday 2023 Reading List, we highlight new and noteworthy works written by PS contributors. Here's a glimpse at some of the titles focused on economics:

• Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity – Daron Acemoglu and Simon Johnson
• Permacrisis: A Plan to Fix a Fractured World – Gordon Brown, Mohamed A. El-Erian, and Michael Spence
• The Fiscal Theory of the Price Level – John H. Cochrane
• Cogs and Monsters: What Economics Is And What It Should Be – Diane Coyle
• Monetary Policy and Its Unintended Consequences – Raghuram G. Rajan

Click here to read about each book – in the authors’ own words.