We have met the doomsday machine and it is us. The "doomsday machine" became a household word after Herman Kahn speculated abou...

It has become fashionable recently, in denunciations of the lump-of-labor fallacy, to appeal to the notion of a "zero-sum game" in...

From Equities.com: Free Trade Claims that Deserve Some Lumps   Alan Tonelson | Thursday, 31 March 2016 09:54 (EST)  All knowledgeable ...

This is what Kevin Drum logically asks.  I’m running off to a meeting, so my answer will be telegraphed: 1. Rent extraction from profit-m...

I have just returned from a conference of the Japan Association for Evolutionary Economics at the University of Tokyo.  There I met Yoshinor...

It has never been formally stated, at least not in a diplomatic ceremony or treaty, but well before the end of the Cold War a focal point no...

This morning’s rebuttal by Kevin Drum against Matt Taibbi’s endorsement of Bernie Sanders strikes a familiar note.  A lot of the commentar...

Maury Obstfeld et al. , writing on the IMF’s blog site, don’t do a very aggressive job of advertising their main observation, so let me do i...

This is a small but typical example: the New York Times today ran a story about frictions in the switch to embedded-chip credit cards.  The...

I just finished listening to the video clip that has been making the rounds, in which a spokesman announces to the assembled workers at the ...

Meir Dagan has just died at age 71.  He directed Israeli  Mossad from 2004 to 2011, reportedly overseeing more covert operations than any ot...

The Sanders campaign has combined what ought to be mainstream liberalism and rhetorical radicalism.  Consider—you don’t have to go all the w...

If Bernie Sanders had won all three primaries yesterday in Missouri, Illinois and Ohio by 51% to 49% margins, he would have picked up a stup...

Brad DeLong has triggered some loud huffing and puffing with a new post in which he argues with Paul Krugman about the benefits of free trad...

It was over 20 years ago that IBM's Deep Blue chess playing program defeated world chess champion, Kasparov. Now, Google's Go playin...