The latest
Do lotteries do more harm than good?
Economists weigh in on whether state-run lotteries improve social welfare on balance.
Capitalisn’t: Is the American presidency for sale?
Hosts Kate Waldock and Luigi Zingales break down the economics of money in politics.
Line of Inquiry: Michael Weber on how central banks should communicate
Forward guidance only works if the public gets the message and acts upon it—and research suggests many people simply don’t.
States are already paying for unfunded pensions
Large, unfunded state pension liabilities are a costly problem—and the cost is already reflected in current bond prices.
Latest from the Magazine
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Does America have an antitrust problem?
Markets are becoming more concentrated—and, arguably, less competitive.
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Secrets of wait loss
As life moves faster, everyone’s patience is wearing thin. Who gets to the head of the line quickest?
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Demand for niche products is growing
Marketers will have to cater to increasingly narrow tastes.
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How (in)accurate is machine learning?
Evaluating the performance of machine-learning tools isn't always easily done.
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A problem with hospital ratings—and how to fix it
A new model for rating and ranking hospital performance draws on a concept from portfolio management.
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Why do some companies ignore new technology?
The economic environment during which institutions emerge may have long-lasting effects on both culture and willingness to adopt valuable new offerings.