recession

Even though the benefits of free trade outweigh the harm, the subject has not garnered a lot of attention during this year’s election cycle. WUSTL business professor Jim Little discusses why it is important for Congress to liberalize trade and the dangers of embracing stricter policies.

While consumer spending once helped keep the economy healthy, rising consumer debt is the reason it’s getting sick. The root cause of the current economic slowdown in the U.S. goes back several decades, according to an economics professor at Washington University in St. Louis.

Stuart GreenbaumFormer dean of the Olin Business School at Washington University in St. Louis, Stuart Greenbaum, is available for comment on the wisdom behind the stimulus package proposals under consideration in Congress. Greenbaum is skeptical that a stimulus package will be effective and proposes several other strategies that could improve the economy.

Recovering from a recession doesn’t include the entire economy.The “jobless recovery” that befuddled observers after the recession in the early 2000s was no fluke. It’s actually a pattern that we can expect to continue thanks to technology’s uneven impact across sectors of the economy. What’s more, this new trend in business cycles is as important in making policy decisions as it is in ensuring the stability of the country’s economy. More…