Born amid the euphoria of the West’s Cold War victory, the International Criminal Court embodied the aspiration that international law could transcend politics. But the ICC always represented victors’ justice, and it was never equipped to operate in a world shaped by Machtpolitik.
We study how residential-commercial zoning affects the allocation of urban space. Using property-level data from Taipei and 34 U.S. metropolitan areas, we infer neighborhood-level zoning wedges from the allocation of residents, workers, and floor space. We find substantially greater dispersion in these wedges in U.S. cities than in Taipei, where mixed-use development is pervasive. The…
We thank Tommaso Manfe, Gokul Raj Boobathy, and Carlos Chavez for excellent research assistance. For very helpful comments and discussions, we thank Winnie Coleman, Fiorella de Fiore, Yuriy Gorodnichenko, and conference and seminar participants in the 2025 American Economic Association Annual Meeting, the G53 Financial Literacy seminar, the Virtual Asian Seminar on Macroeconomic Expectations, the…
Question: Consider the markets for fresh vegetables and instant noodles. Assume that fresh vegetables are a normal good, while instant noodles are an inferior good. Suppose Congress bans a commonly used fertilizer and pest-control chemical in vegetable farming. Without this input, vegetable yields fall due to increased spoilage and pest damage. (a) Using a supply…
The logo of SK hynix is displayed on a glass wall during the 2026 World IT Show in Seoul on April 22, 2026. Jung Yeon-je | Afp | Getty Images SK Hynix on Wednesday posted another record quarterly profit, beating analysts’ estimates as booming demand for high-bandwidth memory chips continues to fuel its growth. Here…
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TEL AVIV—International criminal tribunals once focused on bringing defeated leaders, such as Serbia’s Slobodan Milošević and Liberia’s Charles Taylor, to justice. But the International Criminal Court has gone further, issuing arrest warrants for incumbent leaders—notably, Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu. While there is a certain boldness in such actions, they fail to account for political reality. In fact, the ICC’s new, more forceful posture may well have incited its downfall.