By and / 10.13.2016

All around the world we are seeing the rise of the App Economy— jobs, companies, and economic growth created by the production and distribution of mobile applications (“apps”) that run on smartphones. Since the introduction of the iPhone in 2007, the App Economy has grown from nothing to a powerful economic force that rivals existing industries.1 In this paper we […]

By and / 10.11.2016

It’s become conventional wisdom that corporate America has fallen victim to myopia and short-termism. Companies are spending billions buying back stock that could have gone to innovation and investment. Corporate executives have compensation packages tied to stock prices, which focuses their attention on quarterly earnings rather than long-term growth. Investors want immediate results, rather than […]

By / 9.26.2016

When Americans think of trade, we tend to focus on large, world-leading multinationals. We usually don’t think of a small food exporter like Pacific Valley Foods, which started in a couple’s home office, or of The Pro’s Closet, an online global reseller of used biking gear founded by a pro cyclist. But, like these businesses, […]


By and / 9.7.2016

Anti-trade populists are hell-bent on locking Democrats into a future of rigid opposition to trade deals like the Trans-Pacific Partnership. They recently failed in efforts to include a plank in the Democratic Party Platform that would have committed Democrats to the decidedly undemocratic principle of never, ever agreeing even to bring TPP to a vote—either […]

By / 8.11.2016

Donald Trump’s travesty of a presidential campaign is forcing Republicans to ask themselves some hard questions: Does party loyalty outweigh the risks of putting a self-infatuated political ignoramus in the White House? Do they hate Hillary Clinton more than they love their country? No doubt Democrats are enjoying the GOP’s agonizing moment of truth, but […]

By / 8.1.2016

After the Republican fear-fest in Cleveland, watching the Democrats in Philadelphia last week was like stepping out of the Dark Ages into the Enlightenment. Donald Trump may have no use for facts, civility or rational argument, but these things still seem to matter to Democrats. There was, however, a big exception to the rule: trade. […]


By / 10.12.2016

Suppose you were counselling your college-age child about what fields to consider. Where would you tell them to start? The short answer: Tech and health. Just look at the numbers: Since 2007, when the current tech boom started, employment in computer and mathematical occupations–including software developers and network administrators–has grown by more than 900,000 jobs. Employment in […]

By / 10.6.2016

I’d like to draw your attention to this extraordinary essay by President Obama in The Economist. It stands out for two reasons. First, it provides what has been sorely missing from the bizarre 2016 presidential race – a progressive roadmap for restoring America’s economic dynamism. Second, President Obama’s approach to reversing nearly two decades of slow economic […]

By / 9.29.2016

The FCC chose to ‘delete‘ (their word) discussion of its “set-top box rule” from today’s meeting. As we wrote two weeks ago, the FCC’s proposed rule appeared to put the commission in the position of rewriting copyright law and setting up a licensing board for apps.  The licensing board for apps is particularly disturbing, because it represents an entirely […]