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In Capitalism and Its Critics, New Yorker writer John Cassidy brings to life the figures who warned of monopoly power, inequality, environmental peril, and authoritarianism—forces still at work today. He discusses his book with Lynn Parramore.
wedmoments.stock/ShutterstockTimely access to high-quality medical imaging can be lifesaving and life-altering. Radiology can confirm a fractured bone, give us an early glimpse of our baby or detect cancer.
But behind the x-ray, ultrasound, CT and MRI machines is a growing, highly profitable industry worth almost A$6 billion a year.
Universities have always been centers of learning—and centers of power.
In Treasury markets, there are no libertarians, only grateful recipients of single-payer insurance for ailing financial markets.
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We need a dual approach to AI: steer technology in the short term while building new systems for the long term.
How to guide innovative AI efforts to increase labor demand and create better-paying jobs?
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What does economic inequality look like when we account for gender identity, sexual orientation, and lived experience?
Times have changed. Now we have David Brooks, of The New York Times, and economics blogger Noah Smith defending neoliberal globalization from the pincer movement of anti-trade populists from both the right and the left.
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This article studies the supply of private safe assets by banks and its implications for financial stability. Banks originate loans and improve loan quality through hidden screening efforts. They can then create safe assets by issuing debt backed by the safe payoffs, from both loans they have originated and a diversified pool of loans from other banks. The interaction between banks’ screening efforts and diversification decisions determines the volume of safe assets they supply.
