Economics

Daniela V. Gabor, Roger W. Ferguson, Jr., and Annette L. Nazareth Member in the School of Social Science, argues that the U.K. Labour party will aim to "rebuild the infrastructure that is crumbling after years of Tory underinvestment" by turning to private investment companies. She contends that this "will generate windfalls for investors and leave the rest of us worse off."

"As gig work grows ever more prevalent, critics have voiced major issues with these jobs, from their lack of labor protections to income instability and more. But if gig work is so bad, why do so many people do it?" In a piece for the Harvard Business Review, Lindsey D. Cameron, Member in the School of Social Science, reflects on the seven years that she spent conducting a wide-ranging study of the ins and outs of ride-hail work.

In an op-ed for the Financial Times, Daniela Gabor, Roger W. Ferguson, Jr., and Annette L. Nazareth Member in the School of Social Science, argues that the U.K.'s central bank strategy to unwind quantitative easing is an illegitimate use of its fiscal powers.

"Francesca Trivellato is Andrew W. Mellon Professor of Early Modern European History at the Institute for Advanced Study in Princeton, NJ. She is the author, most recently, of The Promise and Peril of Credit: What a Forgotten Legend about Jews and Finance Tells us about the Making of European Commercial Society (Princeton University Press, 2019).

"The carried interest tax loophole allows wealthy Americans, like those in private equity and hedge funds, to avoid billions in taxes each year. It's been one of the most controversial features of the U.S. tax system, yet it has survived multiple attempts (by Republicans and Democrats) to try to kill the loophole. The most recent attempt — in the Inflation Reduction Act — was thwarted last week."

By Jonathan Haslam, past George F. Kennan Professor (2015–21) in the School of Historical Studies:

"Are sanctions against Russia working? Two months on from the first targeting of Russian banks and oligarchs, Putin's grip on power remains as firm as ever. This shouldn't come as a surprise: restrictions on Iran, Venezuela and North Korea have impoverished their populations, but haven’t led to political revolutions."

In an article for Law & Liberty published on the thirtieth anniversary of Tiananmen Square, Teng Biao, a rights lawyer who left China in 2014 and a former Visitor (2016–17) in the School of Social Science, explains how the extinguishment of the...

More and more employees across a growing range of industries find the number of hours they work is swinging giddily from week to week — bringing chaos not only to family scheduling, but also to family finances. And a new wave of research shows that...

Klaus Larres, Friends of the Institute for Advanced Study Member in the School of Historical Studies, discusses how a visit to China by Germany’s economics minister highlighted a blunter approach to bilateral relations.

The prolonged honeymoon...