Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.
Category: Economics (Theory and Philosophy)
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Three Share Nobel in Economics for Work on How Technology Drives Growth
Joel Mokyr was awarded half of the prize, and Philippe Aghion and Peter Howitt shared the other half.
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Germany’s Top Economist Charts a Path Out of Europe’s Crisis
Joachim Nagel, the president of Germany’s central bank, warned against “complacency” in European capitals over tariffs, competition with China and attacks on institutions.
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Lisa Cook, Who Broke Ground at the Fed, Faces Attack by Trump
The first Black woman to serve on the Federal Reserve board, Ms. Cook has long been a pathbreaker in a field dominated by white men.
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Economists Are Struggling to Find Jobs. It’s an Ominous Sign for The Economy.
Earning a Ph.D. in economics has long been a reliable path to affluence and prestige. Not anymore.
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Policy or Cudgel? A Trade Economist on Trump’s Hardball Tariffs.
In 2005, the economist Pietra Rivoli followed the production of a T-shirt from a cotton farm to a Walgreens to understand global trade. Today, she sees a new system arising.
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In Europe, Economists See a Chance to Rise on the Global Stage
Central bankers who gathered in Portugal this week focused on ways that Europe could improve its competitiveness with the United States and China.
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The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned.
Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.
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How Much Should Weight Loss Drugs Like Wegovy and Zepbound Cost?
A new study found that fair prices for medications like Wegovy and Zepbound would be hundreds less per month than they are now.
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Can Low Unemployment Last Under Trump?
Hiring has slowed, but joblessness remains at levels defying economic norms. Big policy changes under a new administration could test that resilience.
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Richard A. Easterlin, ‘Father of Happiness Economics,’ Dies at 98
He put forth the so-called Easterlin paradox, finding that the richer you are doesn’t mean the more satisfied you’ll be with your life.