The Trump administration has some very optimistic economic targets. It should resist messing with the statistics.
The country doesn't have a wave of undocumented workers. That ended a decade ago.
Economists who are paid millions by companies have a strong incentive to say their takeovers don't hurt competition.
Prices tend to rise much more than they should when buyers lack good information.
Economists are tracing a host of ills to over-concentration of economic power and lack of competition.
First, the financial crisis. Now, Trump won't include the head of the Council of Economic Advisers in his Cabinet.
The Japanese leader promotes high-skilled immigration, empowerment of women and inclusive nationalism.
Kansas and Wisconsin tried the standard free-market approach. Neither has much to show for it.
Economic theory suggests the program just encourages spending more on other goods. New data say that's not so.
For years, opponents of food stamps — or the Supplemental Nutrition Assistance Program, as it's now called — have claimed that the program is...
The towns and small cities in the Midwest and South that rallied around him depend on foreign students to attend local colleges.
China and Japan used to game foreign-exchange markets to boost exports, but that’s mostly in the past.
NEW YORK – For much of my life, I loved the idea of nuclear power. The science was so cool, futuristic and complicated, the power plants so vast...
The many often make better decisions than the experts. But they can succumb to herd thinking and panics.
People who count on a bright future tend to be the most dissatisfied when things go wrong.
The plants are safer than many people think, but they cost too much.
The U.S. is the world leader in tech, research and education. That's at risk without high-skilled foreign workers.
The reasons are very different, but the result is the same.
Monopolies drive down labor's share of GDP, not globalization or cheap capital.
Explaining irrational human actions with theory turns out to be really hard.
Being able to readily buy or sell assets is crucial. But trouble lurks when it becomes too easy.
Most rich countries hire back workers after a recession. The U.S. replaces them with machines.
“Just finance it!” This has been the advice that the U.S. has given to young people for decades now. We borrow money to go to college, to buy...
Easy credit and heavy borrowing make it harder to do anything aside from holding a job and repaying loans.
A new book suggests that Econ 101 helped advance a rigid and potentially harmful free-market agenda.
The country's most-excluded group has made headway in several crucial measures of well-being.
Making life behind bars even worse does no one any good, and it's really expensive.
Economists bought his idea that consumers don't respond to temporary changes in their income. Wrong.
Experts have been shut out of the new administration, but the field still can make a contribution.
Government intervention in the economy often works, even if we don't know why.
NEW YORK – The same problems come up again and again in discussions of what Japan needs to do to revive its economy. The first is low...
Free tuition is a boon to low-income students. But that won't increase the pool of educated workers.
Much of the language in the field is too vague. Here's a corrective.
Spending endless hours at the office hurts productivity and makes it hard to have children, something the country needs.
It was designed to consolidate scattershot programs and make government more efficient.
Noah Smith ECONOMISTS like to tell a possibly apocryphal story about Milton Friedman. The prophet of free markets, visiting an Asian country in the...
The lack of price transparency for infrastructure, health care and money management helps explain why they're so expensive.
Imports don't always hurt growth, and they often complement U.S. production. That's why trade restrictions can backfire.