Recognized as a leading American economist under 40, Strack’s work solves long-standing open questions in economic theory.

Author and Nobel laureate William Nordhaus discusses the key findings and implications of new research on how we model the costs of climate change.

The Elihu Professor of Economics and Global Affairs at Yale finds that population size, trade, and inequality are important factors in today’s changing global economy.

The leadership of Yale Inclusion Economics looks at the progress Indian women have made and prospects for their increased economic empowerment.

Research from Yale and Stanford reveals that the steep rise in medical debt lawsuits disproportionately affects Black and lower-income patients in rural areas.

Economic development is often measured at the national level, yet many of the activities that generate growth occur through firms. Businesses invest in labor, capital, and technology, and their improved productivity helps increase profits and wages, boosting economic activity and raising living standards. As firms advance, they often trade on foreign markets – which can amplify growth and development, both within their country and throughout the global economy.

Economists have long been interested in how space – or distance – affects economic activity between buyers and sellers, firms and workers, or global trading partners. But until recently, traditional models have struggled to incorporate spatial complexity, even as more and more data have become available. For Costas Arkolakis, an economics professor at Yale and EGC affiliate, this tension has been a major research motivation.

Auction-based water markets, which distribute the greatest amount of water to the highest bidders, have been lauded for their ability to meet demand efficiently. Amid increasing threats of water scarcity, they have become a favored approach in countries like the United States and Australia. However, analyses of water auctions’ efficiency have typically omitted key factors, such as rainfall volatility, sustainability of water supply, and farmers’ liquidity constraints (limitations on their cash to purchase water). In certain contexts, however, other water distribution systems may be more effective.

Yuichi Kitamura is an expert on econometrics who has introduced new methods that have changed how scholars approach the most fundamental problems in the field.

Yale sociologist Emily Erikson’s latest book explores how companies and politics reshaped economic thought in the 17th century to privilege national prosperity.