Tight labour markets shrink income inequality by causing employers to bid up the price of scarce labor, so policymakers fretting about income inequality could give an epidemic disease a try. This might be a bit extreme but if increased equality is the goal, Stanford’s Walter Scheidel should be heard. His scholarship encompasses many things (classics, history, human biology) and ...

  Wal-Mart Stores Inc.’s newly-anointed e-commerce czar is absolutely right: Offering two-day shipping is mere table stakes. So why hasn’t the retailer upped the ante? Walmart smartly dropped its Amazon copycat membership program on Tuesday and said all customers would now get free, two-day shipping, which was the main feature of the failed $49-a-year ShippingPass program. The only catch is ...

  Keystone XL is back — along with the usual misconceptions about its virtues and dangers. There should be no doubt, however, that President Donald Trump’s executive order advancing the project is a good thing. The reason is simple: By carrying heavy crude from the oil sands of Alberta, Canada, to refineries on the US Gulf Coast and beyond, Keystone ...