When it comes to General Electric Co. and its mammoth turnaround, I’ve long felt that a recovery in its bedrock business and financials won’t mean as much without a corresponding correction to the misguided priorities and cultural arrogance that led to its difficulties in the first place. So it’s good to see the company making some progress in that area. ...

Evidently, President Donald Trump is still toying with the idea of imposing steep tariffs on cars and automotive parts. In a White House brimming with bad economic ideas, this would be the worst one yet. Last month, the Commerce Department completed a confidential report on the national-security implications of auto imports. If the probe uncovered a threat of some kind, ...

The 2008 financial crisis and the deep recession that followed taught the world to be more skeptical of macroeconomic theories. In the years leading up to that crisis, many leading macroeconomists displayed a startling amount of complacency, bordering on hubris. The defining quote came in a 2003 essay, when Nobel-winning macroeconomist Robert Lucas made a startling declaration: Macroeconomics in [its] ...