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"Beijing has betrayed and rejected its own success formula, and the economy is paying the price."

Chain restaurants represent places that have the potential to break class barriers, according to a new study.

"Governance matters, and weak governance always leads to trouble."

"Trump inherits a strong economy, but his signature policies will do almost nothing positive for less educated workers or most other Americans."

This year's economics Nobel went to a trio of researchers whose work focuses on the importance of strong institutions for an economy.

"Democracy needs to work harder. Many people feel like they don’t have a voice — and that’s not what democracy promises."

Daron Acemoglu, Simon Johnson and James Robinson are honored for their work on how institutions form and affect differences in prosperity.

"Ideas are important in terms of giving people levers or giving people ways to think about the problems in their society."

“We had to do a lot of work to convince people institutions actually mattered in a really big way.”

"Barreling toward us are three epochal changes poised to reshape the U.S. economy in coming years."