Economy

America Can Help Fix the World by Fixing Itself

May 29, 2013

By Jay Pelosky

This op-ed originally appeared in Reuters and is based on the recent World Economic Roundtable Paper, "Building a Bridge to a Tri-Polar World Economy: An American Growth Strategy."

The Next Social Contract: An American Agenda for Reform

  • By
  • Michael Lind,
  • New America Foundation
June 10, 2013

The American social contract is in crisis. Even before the Great Recession exposed its inadequacy, it was clear that the existing American social contract — the system of policies and institutions designed to provide adequate incomes and economic security for all Americans — needed to be reformed to meet the challenges of the twenty-first century. What is needed is not mere incremental tinkering, but rather rethinking and reconstruction. Policies that have worked should be expanded, while others that have failed should be replaced.

After the Withdrawal

March 21, 2013

This past Saturday, March 16, 2013 marked an extraordinary moment in Pakistan’s history, as this is the first time that a civilian government has served its entire five-year term (from 2008 to 2013). And, for the first time in its history, the Pakistani military appears both unwilling and unable to mount a coup against any civilian government. The military has mounted four coups since Pakistan’s independence in 1947.

Enhancing India-Pakistan Trade

  • By Nisha Taneja, Indian Council for Research on International Economic Relations (ICRIER), New Delhi
January 29, 2013

The trade normalization process between India and Pakistan will undoubtedly open new trade opportunities. This study assesses trade possibilities between the two countries, examines the physical and regulatory impediments to realizing the trade potential, and suggests how the trade potential can be realized. The main findings and recommendations are summarized below.

Public Attitudes Toward the Next Social Contract

  • By Bruce Stokes, Pew Research Center
January 15, 2013

The recent deliberations in Washington about the fiscal cliff have triggered a national debate in the United States about the nature, extent and future sustainability of key elements of the U.S. social safety net: Social Security, Medicare, Medicaid, support for education, the unemployed and the poor.

Social Contract Budgeting: Prescriptions from Economics and History

  • By Peter Lindert, University of California - Davis
December 17, 2012

If there is to be any durable hope for a social contract that transcends left-right partisanship, that contract must rest upon a majority consensus about policies that are efficient, fair, and sustainable. Once the smoke has cleared from this November’s battle over the role of government, what will endure are several policy prescriptions kept alive by an objective reading of economic history and a general consensus among economists.

A King of Beers?

  • By Markets, Enterprise, and Resiliency Initiative
December 12, 2012

In some respects, America’s market for beer has never looked healthier. Where fewer than a hundred brewers operated a generation ago, we now can count more than 2,000, producing a mind-boggling variety of beers. Yet just below this drinkers’ paradise, we see a market that has never been more closed. Two giant firms — Anheuser-Busch Inbev and MillerCoors — now control some 90 percent of production. At the same time, a few giant retailers — led by Costco — are rolling up control over sales. This concentration is already diminishing real variety in much of the country.

High-Speed Trades Hurt Investors, a Study Says

  • By
  • Christopher Leonard,
  • New America Foundation
  • and Nathaniel Popper
December 3, 2012 |

A top government economist has concluded that the high-speed trading firms that have come to dominate the nation’s financial markets are taking significant profits from traditional investors.

The chief economist at the Commodity Futures Trading Commission, Andrei Kirilenko, reports in a coming study that high-frequency traders make an average profit of as much as $5.05 each time they go up against small traders buying and selling one of the most widely used financial contracts.

Tax Reform That Works: Building a Solid Fiscal Foundation with a VAT

  • By Bruce Bartlett, Author, The Benefit and the Burden: Tax Reform -- Why We Need It and What It Will Take
November 29, 2012

Tax reform is like the weather – everyone talks about it, but no one ever does anything about it. But unlike inclement weather, the problems of the tax system don’t go away; they continue to fester and compound. Today there are a number of unpleasant trends in the federal tax system that are crying out for attention:

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