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Also in this newsletter: Wall Street profits, Amazon union vote, science round-up

Trump’s delight in doing whatever he wishes in the moment is incompatible with stability and sustained dynamism

How the conflict unfolds will have implications for a global economy already battered by a series of shocks

America is trying to undo the very system of open trade that it created

Markets are looking for simplistic yes or no answers to complicated questions

On a wing and a prayer, or im-peck-able business model?

A conversation with Emily Oster about raising children, and data

What is the relationship between innovation spending and productivity?

What would the American economy look like without the millions of recent arrivals?

Trump is returning to office with many of the same policies that characterised his l…