Proposal For A Real Social Dimension Of EMU

Bente Sorgenfrey

For many years, the European Union’s recommendations regarding economic policy have emphasized the need to lead rigorous economic policies. This is, partly, seen in the European Semester and in the country-specific recommendations in general, as well as in the economic requirements imposed on the southern European countries that have been struck very hard by the […]

Mr Cameron’s Anti-immigrant Rant: The Back Story

John Weeks

Last week The Guardian reported that the EU Commissioner for Employment, Social Affairs and Inclusion, László Andor, cautioned David Cameron about stigmatizing immigrants from other European countries as taking excessive and gratuitous advantage of British public services (Guardian, 25 March 2013). In an article in the right-wing Sun newspaper on the same day, the Prime […]

Planet Earth Is Wage-Led!

Özlem Onaran

A simultaneous increase in the profit share by 1% point in the major developed and developing countries, leads to a 0.36% decline in global GDP. The dramatic decline in the share of wages in GDP in both the developed and developing world during the neoliberal era of the post-1980s has accompanied lower growth rates at […]

The Contest Over The Real Economic Problem

Robert Reich

“Our biggest problems over the next ten years are not deficits,” the President told House Republicans Wednesday, according to those who attended the meeting. The President needs to deliver the same message to the public, loudly and clearly. The biggest problems we face are unemployment, stagnant wages, slow growth, and widening inequality — not deficits. The major […]

The Minimum Wage, Guns, Healthcare, And The Meaning of a Decent Society


Raising the minimum wage from $7.25 to $9 should be a no-brainer. Republicans say it will cause employers to shed jobs, but that’s baloney. Employers won’t outsource the jobs abroad or substitute machines for them because jobs at this low level of pay are all in the local personal service sector (retail, restaurant, hotel, and […]

The US Jobs Report, And Why The Recovery Has Stalled


We are in the most anemic recovery in modern history, yet our political leaders in Washington aren’t doing squat about it. In fact, apart from the Fed – which continues to hold interest rates down in the quixotic hope that banks will begin lending again to average people – the government is heading in exactly […]

Grand Mal Economics

Brad DeLong

Across the North Atlantic region, central bankers and governments seem, for the most part, helpless in restoring full employment to their economies. Europe has slipped back into recession without ever really recovering from the financial/sovereign-debt crisis that began in 2008. The United States’ economy is currently growing at 1.5% per year (about a full percentage […]

Why David Cameron is wrong on Europe

ed miliband

Tomorrow’s speech by David Cameron will define him as a weak Prime Minister, being driven by his party, not by the national economic interest. In October 2011, he opposed committing to an in/out referendum because of the uncertainty it would create for the country. The only thing that has changed since then is he has […]

European Labour Markets: Six Key Lessons From The Commission Report

Jonathan POrtes

I haven’t always been complimentary about the European Commission – either its economic analysis or its policy advice.  So it’s nice to be able to be wholeheartedly positive about the excellent report “Employment and Social Developments in Europe 2012” (brought to my attention by this article by Ambrose Evans-Pritchard in the Telegraph, also excellent) produced by the Commission’s Directorate-General for […]

Europe is not working!

David Lizoain

Yesterday, Joseph Stiglitz spoke at a conference in Barcelona. He noted that the euro zone is designed in such a way that when young people from Greece, Ireland, etc. emigrate, they are no longer liable for the debts accumulated by previous generations. This emigration shrinks the tax base and makes it harder to service public […]

A Modern Approach for Fair, Inclusive, Pro-active Labour Market Policies – Lessons learned from the Austrian Experience

Throughout the course of history, there were several so call labour market models in western societies: the United States, Sweden, Denmark, the Netherlands, and more recently Germany and, maybe, Austria. In terms of a well functioning labour market, most of them were successful for a certain period in history but failed in others. Look at […]