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Can Industrial Policy Help Revive Struggling Regions?

A new paper co-authored by Yale SOM’s Cameron LaPoint looks at an effort in 1980s Japan to narrow economic inequalities between geographic regions, in order to understand the potential impact of the similar U.S. CHIPS and Science Act, enacted in 2022.

President Joe Biden with a quantum computer during a tour of an IBM facility in Poughkeepsie, New York, in 2022.
  • Can Religious Teachings Help Lift People Out of Poverty?

    A study in the Philippines, co-authored by Yale SOM’s James Choi, suggests that learning Protestant Christian values and theology can boost poor families’ income.

    A speaker in front of a whiteboard in the Philippines
  • Choosing the Wrong Health Insurance Could Kill You

    Yale SOM’s Jason Abaluck and his co-authors calculated that the Medicare Advantage plans appreciably influence the survival rates of their enrollees. Shutting down the plans with the highest mortality rates could save thousands of lives per year.

    An illustration of a man choosing between three doors leading into shark-infested waters
  • Facebook’s Dominance Is Built on Anti-Competitive Behavior

    In a new paper, Yale SOM’s Fiona Scott Morton writes that the company took control of the social media industry by misleading consumers and buying up rivals.

    An illustration of a Facebook logo as Pac-Man eating Instagram and WhatsApp logos
  • U.S. Jobs Numbers Show an Uptick from a Grim Baseline

    We asked labor economist Barbara Biasi what can be understood from the latest Employment Situation Summary—including whether the numbers are accurately reflecting the effects of a fast-moving crisis.

    City employees handing out unemployment applications in Hialeah, Florida, in April 2020. Photo: Joe Raedle/Getty Images.
  • The Antitrust Case against Google

    State and federal authorities are reportedly preparing to bring antitrust charges against Google. We talked to Yale SOM’s Fiona Scott Morton about the company's dominant role in online advertising and how it limits competition.

    A one way sign next to a Google sign
  • Don’t Use COVID-19 as an Excuse to Turn Away Skilled Immigrants

    The Trump administration is reportedly planning to limit immigration for skilled workers in order to boost employment for domestic workers. Yale SOM’s Jeffrey Sonnenfeld writes that such a move would stifle innovation and even endanger Americans’ health.

    New U.S. citizens recite the the Oath of Allegiance during a naturalization ceremony at Rockefeller Center in New York City in September 2019. Photo: Drew Angerer/Getty Images.
  • Will COVID-19 Force Us to Rethink Our Healthcare System?

    Since health insurance is tied to employment in the United States, Americans are losing their insurance just as they need it most. We asked economist Fiona Scott Morton, an expert on the healthcare industry, what a better system would look like.

    A patient outside Gateway Care and Rehabilitation in Hayward, California, in April 2020. Photo: Yalonda M. James/The San Francisco Chronicle via Getty Images.
  • Contrary to Conventional Wisdom, Margins Don’t Rise as a Company Grows 

    Nearly every business plan contains the assumption that as the company grows, its average costs will fall and profit margins will rise. But that isn’t borne out by the numbers.

    A photo of corporate headquarters campus reflected in water
  • Faculty Viewpoints: The Economic Policy Response

    In an online conversation, Yale faculty members discussed the steps already taken to prevent the COVID-19 crisis from turning into economic catastrophe, and the need for more effective healthcare policies.

    A food bank distributing food at an event on May 8, 2020, in Massapequa, New York. Photo: Bruce Bennett/Getty Images.
  • Faculty Viewpoints: A Global View

    In an online conversation, Yale SOM faculty members discussed diverging responses to the COVID-19 pandemic and the need for global cooperation.

    Cobblers wearing face masks at Kenyatta Market in Nairobi, Kenya, in April 2020. Photo: Patrick Meinhardt/Bloomberg via Getty Images.