Peter Drucker was one the most influential management scholars of the 20th century. In 2000 he wrote a special report for The Economist magazine to think about changes over the 20th century and looking towards the 21st. The 20th century…
Blog Archives
Long-term trends in manufacturing, farming, and protectionism
Posted in Globalization & International
What immigration crisis?
The Pew Research Center reports data that unauthorized immigrants in the US are at the lowest level in a decade of gradual declines. Meanwhile, more and more Americans are favoring more legal immigration, so Americans aren’t suddenly becoming more nativist. …
Posted in Globalization & International, Labor
If you pay them, they will come.
Most immigrants to the United States come because of higher wages. If you look at any two countries in the world, the net migration almost always flows from low-wage nations to high wage nations because the biggest draw for migrants…
Posted in Globalization & International, Labor
The political economy of global warming
Updated December 14, 2019 Here are three views of the Chicago skyline. The top photo is a rare day with high air pollution in the 1990s, but that was a typical scene in the 1970s and the third is how…
Posted in Environment, Globalization & International
The economics of global warming
Economists are not trained in climate science, so we can’t say how much carbon dioxide will warm the planet, but economics is an important part of climate policy–this is our collective response to the threat of global warming. How much…
Posted in Environment, Globalization & International
The political economy of farm policy
Below is a map of farm subsidy payments. These are the addresses where farm “welfare” checks were sent and the bigger circles show addresses that got sent up to ¼ million dollars in 2007 alone. This map comes from an…
Posted in Globalization & International
How climate skeptics are distributed across America
The Yale School of Forestry & Environmental Studies has data about public perceptions on the facts of global warming. As of 2018, almost twice as many Americans believe global warming is caused by humans as those who disagree (57% to…
Posted in Environment
Medianism 