WPA mural

Why Do We Take Pride in Working for a Paycheck?

In the modern imagination, work is a source of pride, but early labor unions regarded hourly toil in industry as "wage slavery."
Vagrant

The Hidden Subtext of Vagrancy

n recent years, activists in cities across the country have repeatedly clashed with municipal officials over anti-vagrancy laws.
currency

How Political Events Change Currency Value

What causes shifts in currency after a political event is, essentially, human expectations.
Christ healing the paralytic, by Anthony van Dyck (c. 1619)

Will We Always Have the Poor Among Us?

To end poverty, public policy must provide much more than economic resources
toy train

Why We Give Children Toys for Christmas

Giving children toys for Christmas first became a thing in early nineteenth century England.
Hazelton PA postcard

Could Immigration Save Middle America?

This election season has drawn enormous attention to the anxiety that many Americans in economically-distressed rural places seem ...
Clinton welfare reform

Why Welfare Reform Didn’t End Welfare Stigma

20 years after welfare reform, stigma surrounding cash benefits remains.
NYSE floor

Should We Set a Speed Limit on High-Speed Trading?

Can slower financial traders find a haven in a world of high-speed algorithms?

What’s (Still) Wrong with Executive Compensation in America

Executive compensation reflects neither productivity nor demand for skills in a particular sector. Yet some CEOs are still receiving 881 percent raises.
smoking

How to Cut Smoking Rates

A working paper released the National Bureau of Economic Research suggests that lifting people out of poverty could cut smoking rates.