Commentary / World Apr 13, 2015
The hunt for the cause of recessions continues
While theories abound, economists still really don't know what causes recessions.
While theories abound, economists still really don't know what causes recessions.
The Trans-Pacific Partnership represents the best aid the U.S. can give to Japan, a crucial ally that could use all the help it can get.
There are roughly three main hypotheses for why American middle-class wages have been falling: robots, unions and China. Evidence may point to the least favored answer as the right one.
The LDP's draft constitution contains elements that would move Japan toward illiberalism and autocracy if it was adopted.
The slight rise in Japanese fertility since 2005 — despite the sharp recession and natural disasters that happened in the meantime — suggests there is hope that work-life balance will help to stabilize the populations of developed nations after all.
Although many Westerners think of Japan as a highly unified, hierarchical nation, it often more closely resembles a squabbling confederation of loosely affiliated gangs.
Casual evidence indicates that government spending during recessions (a pillar of Keynesianism) boosts GDP. But we don't have a satisfying macroeconomic model that explains why.
The epidemic of fat in the United States is so great that more than one in five Americans is said to be too heavy to enlist in the armed services.
For China not to become the world's largest economy, it would take a collapse on a bigger scale than anything we've seen in recent world history, short of Zimbabwe or North Korea.
What matters for Japan — after two female ministers resigned this week from Prime Minister Shinzo Abe's Cabinet — is not the number of women in the Cabinet, but whether Japanese women get good jobs en masse.