Too Many Airline Passengers and Too Few Seats? Let’s Start the Bidding!

After That Infamous Video, Carriers Should Start Auctioning Spaces on Overbooked Flights

Last month, consumers around the world were disturbed by video showing a passenger being dragged off United Flight 3411 by at least three security guards.

I don’t need to add my opinion to the millions that have been expressed about the incident. But as a professor of operations management, I am interested in the fundamental economic problem that led to the confrontation caught on video: What is the best way for a business to handle overbooking?

Overbooking is a necessity for airlines to manage their seat capacity. That’s because of …

How the Internet and E-Commerce Are Hacking Protectionism

What the U.S. Can Do to Help Small Online Entrepreneurs Tap the Global Marketplace

Consider two distinct worlds only a few miles from each other. One world is that of Jennifer and Nicole, recently featured in The New York Times, who have worked all their lives …

If You Want Strawberry Fields Forever, You Need Migrant Labor

A Year-Round Supply of Low-Priced Food Demands Seasonal Workers Free to Cross Borders

Two hundred years ago this year, British economist David Ricardo published his monumental work “On The Principles of Political Economy and Taxation.” In it he outlined a theory of international …

Are Trade Shocks to Blame for Our Extremist Politics?

Researchers Hunt for the Missing Link Between Import Imbalances and Populist Anger

Does economic competition from low-wage manufacturing countries like China make politics in Western countries more polarized?

The short answer is yes. The harder, unanswered question is: How, exactly?

A body of research …

In the New Global Trade Map, China Commands the Center

Asia's Ascendancy Will Test Western Democracies, as It Reshuffles Winners and Losers

Most maps you see in this country put the Atlantic Ocean at their center, with North America and Europe just off center stage. Asia is on a periphery.

My favorite map …

Want to Really Help Workers? Then Embrace Free Trade

Protectionist Barriers Won't Stop Robots from Taking U.S. Jobs

Ideas, innovation, exploration, and entrepreneurship make societies rich. When you buy something built elsewhere you are not just buying a fancy new object. You are importing ideas and innovation. When …