Communism is officially dead. North Korea, the last holdout of the 20th-century Soviet-style central planning, is moving towards a hybrid economy. David Volodzko in a Bloomberg View op-ed reports: Economic reforms made in 2011 have begun to take hold, allowing factory managers to set salaries, find their own suppliers, and hire and fire employees. Farming collectives have been replaced by ...

With a 2 percent gain in September, the S&P 500 Index has set a record: positive returns in each of the first 10 months of the year. There’s never been a full calendar year when this has happened every month. Going back to November 2016, the index has ripped off 12 consecutive monthly gains. The S&P hasn’t had a down ...

As you are by now all probably aware, Richard Thaler won this year’s Nobel Memorial Prize in Economic Sciences. All question of whether this is a “real” Nobel can now be laid to rest, since the announcement was made via the Nobel Prize’s official verified Twitter account. Thaler won the prize for his research in behavioral economics, although he’s far ...