author - oman observer

CAMBRIDGE—Discussions about how AI might disrupt the economy have a blind spot: they largely fail to account for the valuable activities people do outside of paid work. Statisticians call such...

After decades on the fringes of economic debate, industrial policy has enjoyed a resurgence in recent years, with the United States, the European Union and China all ramping up their efforts to...

Starting in the 1980s, transnational production enabled the expansion of global trade and low prices for goods, contributing significantly to economic growth. But the shocks caused by the Covid-19...

Ask any economist whether competition is always a good thing, and the answer will be a resounding yes. After all, competition powers what the late William Baumol termed the “innovation machine” of...

How should we measure economic success? Criticisms of conventional indicators, particularly gross domestic product, have abounded for years, if not decades. Environmentalists have long pointed out...

The author is Professor of Public Policy at the University of Cambridge, and authored Cogs and Monsters: What Economics Is, and What It Should Be In the period leading up to the 2008 global financial...