Publications / Economy

Publications

Policy Memo

By and / 12.19.2018

Economists from Adam Smith onward have understood that free markets don’t exist or thrive in a state of nature. They are nestled within a framework of governance that defends societies against outside threats, writes and enforces common laws, and provides public goods – those that all people need but that private actors would have little […]

Policy Memo

By / 11.29.2018

The U.S. economy almost certainly has a problem with rising market power. A bevy of recent economic studies show that concentration in many sectors of the economy has increased over the past 20-30 years. These increases in concentration have been convincingly linked to such economic ills as rising prices, weak productivity growth, stagnant real wages, […]

Policy Memo

By / 11.28.2018

Restaurant workers are reputed to be among the lowest paid workers in the country. One reason restaurant workers, and servers in particular, are perceived to be so poorly paid is the fact that tips often make up a good chunk of their pay, while the hourly wage they receive from their employers is lower than […]

Political Memo

By and / 11.14.2018

The Progressive Policy Institute (PPI) today released a national opinion survey that highlights the surprising resilience of America’s pragmatic political center two years into Donald Trump’s deeply polarizing presidency. The poll reinforces a key takeaway from the 2018 midterm elections: Suburban voters – especially women – are repelled by the president’s racial and cultural demagoguery […]

Policy Memo

By / 10.17.2018

As of March 2019, the United Kingdom will have the status of a “third country” from the perspective of the European Union and the General Data Protection Regulation (GDPR). Will the EU accept that UK data protection standards are high enough to grant them the status of “adequacy,” which will allow data to flow more […]

Policy Memo

By / 10.15.2018

Policymakers who have chosen to slash critical public investments in future generations while simultaneously saddling these generations with a mountain of debt are jeopardizing the long-term economic health of the United States. Failure to correct course could have serious consequences for the economy and the American people, including lower incomes, fewer high-quality jobs, and a […]

Policy Memo

By / 8.7.2018

It is relatively easy to digitize a song or a bank account. Yet fully digitizing physical industries such as manufacturing and agriculture has proven much more challenging. Manufacturers have taken the first step towards digitization by putting sensors into existing products such as turbines and tractors and using the resulting data to improve performance. The […]

Policy Memo

By / 7.24.2018

Since 2016, the Ministry of Internal Affairs and Communications (MIC) and the Japan Fair Trade Commission (JFTC) have tried to promote more competition in the mobile market in order to encourage economic growth and promote fairness. In particular, the government agencies have restricted handset subsidies in an effort to lower rates. The results of these policies have […]

Political Memo

By / 6.27.2018

In the aftermath of President Donald Trump’s election and inauguration, former Democratic presidential candidate Sen. Bernie Sanders urged Democrats to remake themselves as warriors in opposition to big business as the strategy for winning back voters. “We need to … make it crystal clear that the Democratic Party is going to take on Wall Street, […]

Political Memo

By / 6.20.2018

A Smarter Strategy for Securing America’s Innovation Edge In early April, reportedly after “zero substantive internal debate,” President Trump ordered the U.S. Trade Representative (USTR) to consider imposing additional tariffs on $100 billion in Chinese products. Trump’s order claimed that new tariffs were needed to retaliate against China’s threatened retaliation for tariffs that Trump had announced […]