I have long admired taxi drivers. They are often well-informed and have a clear-eyed view of human nature that is neither cynical nor sentimental. In the days when there were [ … ]

I am often asked to opine about whether automation will destroy all the jobs. Yes, we talk about tractors, which brought farm employment from something like 70% of the country [ … ]

This post was written by Kaushik Basu, the C. Marks Professor of International Studies and professor of economics at Cornell University, was chief economic adviser to the Indian government in [ … ]

“Amazon has no plans to use the technology it developed for Amazon Go to automate the jobs of cashiers at Whole Foods. No job reductions are planned as a result [ … ]

A few months ago, in a delphic stupor, or maybe I was having lunch, I saw, clear as I see you now, America being just a movie stage, a mock [ … ]

Centrally issued money optimizes inequality, monopoly, cronyism, stagnation and systemic instability. Everyone who wants to reduce wealth and income inequality with more regulations and taxes is missing the key dynamic: central [ … ]

Tim Kroencke at the University of Basel wrote a nice follow up on non-voting shares (previous posts here and here) , which I share with permission. Some of the controversy [ … ]

Todd Henderson and Dorothy Shapiro wrote me a thoughtful response to my post on non-voting shares. Todd and Dorothy: Response to Cochrane We are grateful for Cochrane’s thoughtful response to our [ … ]

photo credit: Bigstock I hesitate to show myself in a good light—it seems so much more honest, somehow, to confess to being a complete swine—but the other day I did [ … ]

The over-criminalization of America has undermined justice, the rule of law and legal egalitarianism. While the corporate media devotes itself to sports, entertainment, dining out and the latest political kerfuffle, [ … ]