Edition #47: October 24, 2024

Edition #47: October 24, 2024

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


Outsourcing Our Future to For-Profit AI

Katharina Pistor worries that we have already ceded control to self-interested private corporations and their shareholders.


The Brutes’ New Suits

James Livingston asks why so many observers now believe that institutions central to modern economies are running a con game.



Donald Trump’s Tariffs Would Hurt US Workers and Businesses

Maurice Obstfeld shows why targeting an overall reduction in imports would reduce America's real wages and national income.


How to Think about Progress: A Skeptic's Guide to Technology by?Nicholas Agar, Stuart Whatley, and Dan Weijers.

In an era of seemingly rapid and profound technological change, the authors offer principles for seeing through much of the hype that circulates online and in best-selling books.


The Global Economy’s Hidden Weaknesses

Eswar Prasad looks beyond promising headline trends to identify deep-seated risks and barriers to growth.


Is China Facing a Deflationary Trap?

Patrick Bolton and Haizhou Huang consider what it will take for the government to break the cycle of declining spending and falling prices.


Working-Class Antiheroes

Ngaire Woods advocates using domestic labor legislation that supports unionization – not tariffs – to protect workers.


The Key to Unlocking the Benefits of Trade

Ngozi Okonjo-Iweala and Makhtar Diop show how a lack of supply-chain finance keeps many businesses and economies on the sidelines.


Free to Read

Investments in Nature Will Decide Our Future

Ambroise Fayolle points out that biodiversity loss and ecosystem damage jeopardize all other global development goals.



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