Don’t blame robots for workers’ woes—blame corporate profits
The labor share of output has declined over time, but so has the capital share.
As Sears fails, who will buy its brands?
Twitter finds the best acquirer for Kenmore appliances.
Surprising numbers behind start-up survival rates
It can be difficult to make general statements about the survival or failure rate in any particular industry.
Where China’s stimulus program went wrong
Most of the money in China’s Great Recession stimulus plan went to state-controlled companies that were less productive than privately owned businesses.
What target should the Fed be shooting at?
The conventional wisdom on interest rates may be wrong.