Short-term gimmicks and uncertainty continue to keep long-term growth out of reach. By Edward P. Lazear.

How empowerment can build up society

Over the years, advanced and developing countries have experimented, sometimes deliberately and frequently inadvertently, with a variety of approaches to growth. Unfortunately, many of these strategies have turned out to have built-in limitations or decelerators...

We must liberalize labor markets, not rely on macroeconomic “fixes.”