Glenn Loury, 22 January 2017

The late Thomas Schelling’s 1960 classic, The Strategy of Conflict, opened up new vistas in the then emergent field of game theory. This personal tribute by a longstanding friend and colleague describes how Schelling’s creative and playful mind, his incredible breadth of interests, and his unparalleled mastery of strategic analysis opened up a new world of intellectual possibilities.

Naren Prasad, Megan Gerecke, 10 October 2010

Financial crises, such as that of 2008-2009, cause GDP to decline, trade to shrink, unemployment to rise, and social problems to increase. What is the link between financial crises and social security spending? This column examines the trends in social security spending in the aftermath of a financial crisis, advising that now is the time for developing countries to expand their social spending.

Carol Graham, 30 January 2010

What measures of human wellbeing are the most accurate benchmarks of economic progress and human development? This column presents new research suggesting that while people can adapt to be happy at low levels of income, they are far less happy when there is uncertainty over their future wealth. This may help explain why different societies tolerate such different levels of health, crime, and governance, and why US happiness plummeted during the global financial crisis but has since been restored despite incomes remaining lower.

Richard Baldwin, 04 September 2008

Today’s globalisation is operating with higher resolution. It is not enough to think of skill groups and sectors; the impact is more unpredictable, sudden and individual than in the past. This column assesses how high-resolution globalisation differs and how governments need to respond to make it work.

Giuseppe Bertola, 04 October 2007

Globalisation may call for retrenchment of governments’ redistribution activity, but if private insurance and financial markets are to be able to replace the income smoothing, we need stronger supervisory, regulation, and antitrust actions.