More Money than God: Hedge Funds and the Making of a New Elite By Sebastian Mallaby Penguin, 496 pages Hedge funds didn’t cause the global financial crisis. That’s...

The Relentless Revolution: A History of Capitalism By Joyce Appleby Norton, 494 pages In the 17th century, Thomas Hobbes described the life of mankind before the development of...

In 2008, the global economy experienced a brutal financial retraction not seen since the 1930s. The value of virtually every asset in the world was...

As a former academic economist who at mid-career migrated into the worlds of policy and financial markets, I am sometimes asked how the latter experiences...

To The Editor: It is not surprising that Fred Siegel, like other economic conservatives, looks at the current economic mess in New York and concludes that...

When someone insures you against the consequences of a nasty event, oddly enough, he raises the incentives for you to behave in a...

That some should be rich shows that others may become rich,” said Abraham Lincoln, “and hence, is just encouragement to industry and enterprise.” Barack Obama...

The risk-taking New York real estate developer William Zeckendorf loved to say he would “rather be alive at 20 percent than dead at the prime...

On February 9th, President Obama visited Elkhart, Indiana, the American community with the country’s highest unemployment rate, 15.3 percent. (It had been only...

Before he was sworn in as President, Barack Obama began to lay out his plans for reviving an American economy that, it would later...

As the world economy integrates more tightly with every passing week, the global trading system becomes more and more critical to a future of...

The millions of today want, and have a right to, the same security their forefathers sought—the assurance that with health and the willingness to work...