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January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

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…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

May 1, 2023

Sweden
Susanna Fellman: The Nordic Model of Capitalism in Historical Perspective: Past Successes and Future Challenges

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 …

European Commission Executive Vice President Valdis Dombrovskis and Swedish Finance Minister Elisabeth Svantesson attend a news conference in Marsta

October 17, 2022

China
Joshua Kurlantzick: My Previous Book on State Capitalism in China—Right Idea, Wildly Underestimated

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…

Xi Jinping

December 14, 2023

United States
The Humbling of Henry Kissinger

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

Kissinger

January 7, 2022

Monetary Policy
Inflation: Learning the Proper Lessons From History

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

Prices are seen displayed at a BP gas station in New York City in November 2021.

June 24, 2022

United States
Trump, Partisanship, and Democracy

Fifty years ago, Republicans turned on President Richard Nixon. Today, most of the party continues to stand by Trump. Why the difference? A rise in partisanship.

U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol holds public hearing in Washington