Final TPP Agreement Is Welcome News

The United States and 11 other Pacific Rim nations on Monday reached final agreement on the Trans-Pacific Partnership (TPP), concluding years of negotiations.  Cato scholar Daniel J. Ikenson calls the announcement welcome news: “Congratulations are in order for the negotiators of the TPP who worked extremely hard to arrive at this moment. Achieving agreement between 12 countries at different levels of economic development with disparate policy objectives on a broad array of subjects isn’t for the feint of heart.”  Ikenson says a vote in Congress to ratify the agreement is likely to occur sometime between July 2016 and January 2017.

The Myth of Dynastic Wealth

One of the primary flaws in Thomas Piketty’s Capital in the Twenty-First Century is that wealthy families will grow ever richer over future generations, leading to a society dominated by unearned, hereditary wealth.  However, in the new issue of Cato Journal, Robert Arnott, William Bernstein, and Lillian Wu argue that dynastic wealth accumulation is simply a myth. Also in this issue, Robert C. Jones explains how Piketty’s theory of capital confuses cause and effect, and asserts that his policy prescriptions would likely prove counter-productive.

In Defense of Derivatives: From Beer to the Financial Crisis

Derivatives are often described as “financial weapons of mass destruction” and condemned as a cause of the recent financial crisis.  A new paper from finance professor Bruce Tuckman demonstrates that those epithets are misleading and false, respectively, and argues that current regulatory initiatives will discourage the use of derivatives but will not appreciably reduce systemic risk.

Reviving Economic Growth

If you could wave a magic wand and make one or two policy or institutional changes to brighten the U.S. economy’s long-term growth prospects, what would you change and why? That was the question asked to the 51 contributors in Reviving Economic Growth, edited by Cato scholar Brink Lindsey. The ebook offers a wide-ranging exploration of policy options, and encourages fresh thinking about the daunting challenges facing the U.S. economy.

Recent Commentary


October 9

Low-Hanging Fruit Guarded by Dragons - Reforming Regressive Regulation to Boost U.S. Economic Growth

Featuring Brink Lindsey, Vice President for Research, Cato Institute; Neil G. Ruiz, PhD, Executive Director, Center for Law, Economics, and Finance, George Washington University Law School; and Sam Batkins, Director of Regulatory Policy, American Action Forum; moderated by Peter Russo, Director of Congressional Affairs, Cato Institute.

12:00PM to 1:00PM B-340 Rayburn House Office Building

October 12

Will the Transatlantic Trade and Investment Partnership Live Up to Its Promise?

Featuring Susan Aaronson, George Washington University; Ted Alden, Council on Foreign Relations; Alberto Alemanno, HEC Paris & NYU Law; Inu Barbee, Georgetown University; Laura Baughman, Trade Partnership; Axel Berger, The German Development Institute; Marjorie Chorlins, European Affairs at the U.S. Chamber of Commerce; Iana Dreyer, Borderlex; Michelle Egan, American University; Fredrik Erixon, ECIPE; Gabriel Felbermayr, Ifo Institute; Daniel J. Ikenson, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Jim Kolbe, German Marshall Fund; Simon Lester, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Phil Levy, The Chicago Council on Global Affairs; Hanna Norberg,; Daniel R. Pearson, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Peter Rashish, Transnational Strategy Group; Gregory Shaffer, University of California, Irvine School of Law; Gabriel Siles-Brügge, University of Manchester; Harsha V. Singh, International Centre for Trade and Sustainable Development; Bill Watson, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute.

8:30AM to 5:30PM Hayek Auditorium

Of Special Note

Perilous Partners

Perilous Partners

American leaders have cooperated with regimes around the world that are, to varying degrees, repressive or corrupt. Such cooperation is said to serve the national interest. But these partnerships also contravene the nation’s commitments to democratic governance, civil liberties, and free markets.

In Perilous Partners, authors Ted Galen Carpenter and Malou Innocent provide a strategy for resolving the ethical dilemmas between interests and values faced by Washington.

Purchase your copy today

Special! 10 Copies for $10

Cato Pocket Constitution

To encourage people everywhere to better understand and appreciate the principles of government that are set forth in America’s founding documents, the Cato Institute published this pocket-size edition.

Annual Report

Cato’s 2014 Annual Report

The Cato Institute’s 2014 Annual Report is now available online for immediate viewing. This year’s Annual Report details Cato’s accomplishments, growth, and the wide range of initiatives taken over the past year. In addition, the Annual Report covers Cato’s rapid growth in media impact, multimedia output, publishing projects, and highlights issues Cato is energetically pursuing in the year ahead.

33rd Annual Monetary Conference

33rd Annual Monetary Conference
Rethinking Monetary Policy

The distinguished speakers at this conference will consider the risks of unconventional monetary policy, the steps that need to be taken to normalize policy, and the fundamental question of rules versus discretion in the conduct of monetary policy.

Register to Attend