The Amazon Headquarters Sweepstakes Is Bad for Cities

The Tax Incentives Doled out to the Online Shopping Giant Aren't Worth the Gains in Jobs

Envious of Silicon Valley’s success, more than 80 places throughout the world have renamed one of their neighborhoods “Silicon-something,” including “Silicon Beach” in Los Angeles, “Silicon Bayou” in New Orleans, and “Silicon Roundabout” in London, as if the very word works an economic magic.

So it was not surprising that when Amazon announced plans to build a second headquarters—“HQ2”—somewhere in North America, more than 200 cities decided to compete for the honor. Dangling the promise of 50,000 new jobs and $5 billion in investment, Amazon brazenly pitted state against state, …

More In: Economics

America’s Decline Is Relative but Real—and Potentially Dangerous

The Rest of the World Is Catching Up, and the Nation's Cluelessness About Its Weaknesses Will Accelerate the Trend

Is the United States in decline? The debate on the subject lacks both content and context. To take the conversation about American decline away from arbitrary and subjective claims, we …

Why Americans Insist on Putting a Price Tag on Life

From Ben Franklin to Slavery to Reaganomics, Our Habit of Measuring Everything in Dollars and Cents

Everything, as they say in America, has its price. It has been found that a lack of sleep costs the American economy $411 billion a year and stress another $300 …

China Soon Could Dominate the Global Economy—but Leading It Will Be Tougher

Though Flush With Cash, the Asian Giant Must Cope With an Aging Population and Lackluster Innovation

For China, pursuing global economic leadership is not just a goal. It’s an imperative.

That was the message from panelists at a Zòcalo/UCLA Anderson School of Management event, “Is China Prepared …

Bitcoin Is an Energy-Wasting Ponzi Scheme

There Are Better Ways to Reap the Benefits of Digital Currencies—Without the Risk

Digital currencies, in their current form, should be prohibited by law. And not because they are a Ponzi scheme (which they are), and not because they can help facilitate criminal …