If there were an Economist's Creed, it would surely contain the affirmations "I understand the Principle of Comparative Advantage" and "I advocate Free Trade." Yet the case for free trade is currently ...

The American Economic Review: Insights is a general-interest economics journal publishing papers with the quality standard of the American Economic Review but devoted to papers with important insights ...

This paper describes two strands of work that converged under the heading of 'endogenous growth.' One strand, which is primarily empirical, asks whether there is a general tendency for poor countries ...

About Capital in the Twenty-First Century by Thomas Piketty. Published in volume 105, issue 5, pages 48-53 of American Economic Review, May 2015, Abstract: In this article, I present three key facts ...

Semiconductors have emerged as a headline in the resurgence of modern industrial policy. This paper explores the political economic history of the sector, the changing nature of the semiconductor ...

Robert E. Hall and Michael Woodford lauded for their work on the microeconomic foundations of macroeconomic fluctuations.

The Moving to Opportunity (MTO) experiment offered randomly selected families housing vouchers to move from high-poverty housing projects to lower-poverty neighborhoods. We analyze MTO's impacts on ...

We offer a unified analysis of the growth of low-skill service occupations between 1980 and 2005 and the concurrent polarization of US employment and wages. We hypothesize that polarization stems from ...

Climate Change: The Ultimate Challenge for Economics by William Nordhaus. Published in volume 109, issue 6, pages 1991-2014 of American Economic Review, June 2019 ...

Large exporters are simultaneously large importers. We show that this pattern is key to understanding low aggregate exchange rate pass-through as well as the variation in pass-through across exporters ...

Behavioral Economics: Past, Present, and Future by Richard H. Thaler. Published in volume 106, issue 7, pages 1577-1600 of American Economic Review, July 2016 ...

From 1980 to 2000, the rise in the US college/high school graduate wage gap coincided with increased geographic sorting as college graduates concentrated in high wage, high rent cities. This paper ...