The Economics of Growth

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The Pandemic Stock Market Crash of 2020 Predicted to Worsen

The Pandemic Stock Market Crash of 2020 Predicted to Worsen

Readers of American financial news might think that the pandemic stock market crash of 2020 happened in March and is over. That’s objectively not true: the pandemic stock market crash is still going on right now, and an…

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McNair Center Articles

Entrepreneurship for All: Washington D.C.

Washington, D.C. is known for its politicians and bureaucrats, but it’s also where the top-20 U.S. government contractors are based. In recent decades, high-tech, high-growth entrepreneurship has been on the rise in the U.S. capital. Startup ventures, coupled with a diverse economy, largely fueled by the federal government, have led D.C. to emerge as a strong entrepreneurial ecosystem. History of…

The Right to Entrepreneurship

Entrepreneurship and human rights are not frequently mentioned in the same conversation in the United States. However, in international policy, human rights and entrepreneurship are linked by many common policy goals, including enforcing the rule of law, improving infrastructure and fighting corruption. Rights necessary to pursue entrepreneurial endeavors–like the right to participate in the economy, the rights to…

Bureaucracy and Public Sector Innovation

The public benefits greatly when there are innovations in how our government approaches policymaking and regulation. However, sometimes barriers created by bureaucratic structures can slow implementation. When regulation and rigidity are holding us back, leaders are responsible for ensuring that our government institutions are allowing for change when our old ways of approaching challenges become…

Women in STEM: Closing the Gap

Economists around the world emphasize the benefits of integrating more women into the workforce. While we are seeing slow growth in women’s presence in many sectors, the Science, Technology, Engineering, and Math (STEM) fields at the core of innovation seem to be especially lacking in girl power. In 2014, women comprised approximately 47 percent of…

Silicon Valley: A Powerhouse for Innovation

Silicon Valley’s economy is a powerhouse. Representing 14% of U.S. Gross Domestic Product, if California were a country, it would have the sixth biggest economy in the world. Although it has remained successful for decades, California was not always the leader that it is today. What about California led it to become a high-tech phenomena?…