Paul Romer, chief economist at the World Bank, has offered a controversial explanation for why the shocking experience of the 2008 financial crisis has had so little effect on academic macroeconomics. The field, he asserts, has devolved into a sort of cult in which loyalty to certain figures of authority matters more than the pursuit of the truth. Could …

  No matter how often the U.S. is hit with storms, wildfires and other natural disasters, cities and states remain poorly prepared. Houses are destroyed, transit systems are swamped, roads and bridges are wiped out. The Federal Emergency Management Agency sweeps in to help with cleanup, temporary shelter and rebuilding. But then life goes on, with little concern for next …

  The UAE has received high ranking from World Economic Forum in the recent Global Competitiveness Report. There are many performance indicators on which the competitiveness of an economy is decided, including infrastructure, goods market and labour market efficiency. Two of the key indexes in which the UAE has been making huge strides is education and technological readiness. These go …