The Federal Reserve’s dual mandate of price stability and maximum employment presents trade-offs as the Fed grapples with the next move of interest rates. 

While social welfare is integral to Nordic capitalism, Scandinavian countries are still market economies that had strong economic growth through the twentieth century and currently enjoy some of the …

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

Chinese President Xi Jinping has gone much further than analysts had predicted he would in state control of the private sector in China and departure from a consensus based authoritarian system to on…

Higher inflation has led to calls for price controls and a reexamination of the relationship between inflation and employment. History offers some helpful lessons.

The truth is that his tenure as secretary of state was often rocky, and as full of setbacks as acclaim.