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Columns & Interviews

Trump: Reaganomics Redux

Trump: Reaganomics Redux

by George Tyler on 22 November 2016

It’s wages, stupid! Analysts are pondering why millions of the same voters who favored President Obama in 2008 and (less enthusiastically) in 2012 pivoted to favor his antithesis, Donald Trump, in … Read More

Globalisation’s Last Gasp

Globalisation’s Last Gasp

by Barry Eichengreen on 22 November 2016

Does Donald Trump’s election as United States president mean that globalisation is dead, or are reports of the process’ demise greatly exaggerated? If globalisation is only partly incapacitated, not … Read More

Trump And Democracy In America

Trump And Democracy In America

by Wolfgang Merkel on 21 November 2016

When asked whom he would vote for on November 8, 2016 if he were an American, the man responded without a trace of hesitation: “Trump. I am just horrified about him, but Hillary is the true danger.” … Read More

A Crisis Of Representation, Not Of The Constitution

A Crisis Of Representation, Not Of The Constitution

by David Abraham on 18 November 2016

I am asked now in Germany if the United States has just experienced a crisis of its Constitution.  Sometimes this question refers to winning the popular vote while losing the electoral college vote, … Read More

Europe, Alone in Trump’s World

Europe, Alone in Trump’s World

by Mark Leonard on 18 November 2016

Alone again. Since World War II’s end, Europe has looked at the world through a transatlantic lens. There have been ups and downs in the alliance with the United States, but it was a family … Read More

Trump: The Final Wake-Up Call

Trump: The Final Wake-Up Call

by Poul Nyrup Rasmussen and Udo Bullmann on 17 November 2016

The victory of Donald Trump in the US presidential election cheered right-wing populists and extremists across Europe. One has been quoted as saying that “their world is coming to an end and ours is … Read More

For A Democratic Polarisation: How To Pull The Ground From Under Right-wing Populism

For A Democratic Polarisation: How To Pull The Ground From Under Right-wing Populism

by Jürgen Habermas on 17 November 2016

After 1989, all the talk was of the “end of history” in democracy and the market economy and today we are experiencing the emergence of a new phenomenon in the form of an authoritarian/populist … Read More

Gold Plated Populism: Trump And The End Of The Liberal Order

Gold Plated Populism: Trump And The End Of The Liberal Order

by David Held and Kyle McNally on 16 November 2016

Donald Trump’s electoral victory has startled the world. It seems to usher in an era marked by the triumph of fear and anger, brazen disregard for reason and truth, the weakening hold of liberalism, … Read More

How Neoliberalism Prepared The Way For Donald Trump

How Neoliberalism Prepared The Way For Donald Trump

by Zygmunt Bauman on 16 November 2016

I still vividly remember what fewer and fewer people, as time goes by, can and do: the names that Nikita Khrushchev, having decided to expose and publicly decry and condemn the crimes of the Soviet … Read More

Brexit: The View From Central Europe

Brexit: The View From Central Europe

by Agata Gostyńska-Jakubowska on 15 November 2016

The UK’s decision to withdraw from the EU is a blow to Central Europe. The region worries that the post-Brexit EU will be, among other things, less resolute in its response to an increasingly … Read More

Blogs

Europe And Treaties “Ad Excludendum”

Europe And Treaties “Ad Excludendum”

by Ugo Marani on 21 November 2016

The rationale behind international economic treaties made by market economies rests on two alternative basic models: the “conventio ad includendum” and the “conventio ad excludendum”. The first model … Read More

An Unexpected Ally: How Business Can Improve Life For Migrants In Poland

An Unexpected Ally: How Business Can Improve Life For Migrants In Poland

by Teresa Teleżyńska on 8 November 2016

Despite its rich multicultural history, Poland has refused to welcome refugees. A recent national poll showed that 52% of Poles are against accepting refugees, 18% accept temporary relocation, and … Read More

Brexit And Neoliberalism

Brexit And Neoliberalism

by Simon Wren-Lewis on 2 November 2016

In a recent post I talked about the “neoliberal fantasists who voted Leave”. Here is Ryan Bourne from the influential Institute of Economic Affairs. He notes that “the mood music from the … Read More

The Wallonia Mouse And ‘Undemocratic’ Trade Deals

The Wallonia Mouse And ‘Undemocratic’ Trade Deals

by Dani Rodrik on 25 October 2016

It appears Belgium's Wallonia has put a nail in the coffin of the EU-Canada trade agreement (CETA) by vetoing it. The reasons, The Economist puts it, "are hard to understand." Well, yes and no. … Read More

Slovak NGOs Ease Migrant Integration Locally But Need Political Support

Slovak NGOs Ease Migrant Integration Locally But Need Political Support

by Elena Gallová-Kriglerová and Alena H. Chudžíková on 24 October 2016

Migration has not been an issue in Slovakia – neither in political nor in public discourse. Eurobarometer data shows that only 2% of the population in 2014 and 4% in 2015 thought immigration posed a … Read More

Post Real Economics Feeds Post Real Politics

Post Real Economics Feeds Post Real Politics

by Leonardo Costa on 24 October 2016

‘Crash and learn: should we change the way we teach economics?’ is the title of the FT article which describes the growing student rebellion in Great Britain against the way economics has been taught … Read More

The West’s Other Trump

The West’s Other Trump

by Guy Verhofstadt on 21 October 2016

In the second American presidential debate, Donald Trump promised that, if elected, he would appoint a special prosecutor to investigate Hillary Clinton. “You’d be in jail,” Trump told her. Trump’s … Read More

Youth Guarantee: Europe Needs More Investment In Its Young People

Youth Guarantee: Europe Needs More Investment In Its Young People

by Thiébaut Weber on 18 October 2016

The European Commission’s decision to maintain the Youth Guarantee, the scheme launched in 2013 to offer every young person a place of education, training or employment within four months of leaving … Read More

Talks & Events

Inequality And Its Discontents

Inequality And Its Discontents

by Brian Nolan on 4 November 2016

Inequality is centre-stage in political debate both globally and in individual countries, being blamed for everything from Brexit to stagnating wages and growth. Professor Brian Nolan, Director of the … Read More

Investigating ‘Secular Stagnation’

Investigating ‘Secular Stagnation’

by Lawrence H. Summers on 28 October 2016

The current low-to-zero growth malaise afflicting the United States and other advanced economies, which appears unresponsive to conventional monetary policy remedies, has been explained as a case of … Read More

Breaking Through Power

Breaking Through Power

by Ralph Nader on 21 October 2016

One of The Atlantic’s hundred most influential figures in human history, Nader has been instrumental in the founding of scores of citizens groups as well as in the establishment of watchdog agencies … Read More

Where Does Growth Come From?

Where Does Growth Come From?

by Clayton Christensen on 12 October 2016

Clayton Christensen presents brand new content on different ways to think about growth and he shared some of his unique perspective on "measuring your life" (as seen in his TED talk) with the … Read More

Where Now for Italy And the EU? A Conversation With Matteo Renzi

Where Now for Italy And the EU? A Conversation With Matteo Renzi

by Matteo Renzi on 23 September 2016

Matteo Renzi discusses the political and economic issues facing Italy and the European Union. This conversation was recorded at the Council of Foreign Relations. … Read More

Thinking, Fast And Slow

Thinking, Fast And Slow

by Daniel Kahneman on 30 August 2016

Daniel Kahneman, recipient of the Nobel Prize in Economic Sciences for his seminal work in psychology that challenged the rational model of judgment and decision making, is one of the world's leading … Read More

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European Comparison Of Trends In Labour And Unit Labour Costs

Based on Eurostat data the Macroeconomic Policy Institute (IMK) regularly analyses the development of labour costs and unit labour costs in Europe. This report presents labour cost trends in the private sector and in the manufacturing industry for a selection of European countries, the Euro Area and the European Union. A special focus is put on the effects of the statutory minimum wage of € 8.50 per hour, introduced at the beginning of 2015 in Germany.

A longer German version of the report is available here
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No Progress on Social Cohesion in Europe

The crisis afflicting Social Europe that has been evident for several years continues unabated. Inequality within countries increased in most member states in 2014, especially in Germany. Cohesion across the EU has made no progress, even if growth in the poorest countries has been somewhat above the EU average. The better off social strata benefit most from rather weak growth overall. Social development remains dire in the Mediterranean countries, where the poorest strata are particularly hard hit by austerity policy. Read the latest analysis on the EU's lack of social cohesion in this new paper.
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Investment & Innovation

This special edition of the Journal for a Progressive Economy on INVESTMENT & INNOVATION features articles by speakers at the Annual Forum held in May at the European Parliament. With contributions from Mariana Mazzucato, Frans Timmermans, Paul Magnette, Louka Katseli, Peter Bofinger and Maria João Rodrigues, and papers from the winners of the Progressive Economy Call for Papers 2016.
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Social Justice In The EU

Driven by a labour market recovery, EU citizens' opportunities for social participation have improved slightly for the first time since the beginning of the economic crisis in 2008. Not everyone is benefiting from this, however. A high risk of poverty persists in many countries. The number of “working poor” is increasing. Children and youth in southern Europe continue to suffer most severely from the impact of the economic crisis. With the Social Justice Index, the Bertelsmann Stiftung measures annually the opportunities for social participation of people in the 28 EU member states.
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'Social justice and equality in Europe – is possible!' presents our vision for resilient social models in Europe. Based on an analysis of social realities on the ground, our model sets out an integrated approach for improving the well-being of people. Family, labour market and social protection policies are key for building solidarity and social cohesion effectively. Read more about our findings and recommendations at www.caritascares.eu.
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This working paper discusses the use of unit labour costs (ULC) by the European Commission as a measure of competitiveness of exports, especially in central and Eastern Europe (CEE). It shows the flawed nature of the European Commission’s argument that increasing wages ahead of measured productivity would necessarily represent a threat to export competitiveness. It demonstrates that the recorded measure of productivity appears to be low in countries with lower wage levels precisely because wages are low, even when the work performed is often very similar, or identical, to much better-paid work in higher income countries. The conclusion is that there is scope for significant wage increases without harming export competitiveness.
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Sixth European Working Conditions Survey

The sixth European Working Conditions Survey (EWCS) paints a wide-ranging picture of Europe at work across countries, occupations, sectors and age groups. EU employment policy priorities aim to boost employment levels, prolong working life, increase the participation of women, develop productivity and innovation and adapt to the digital challenge. The findings from the EWCS draw attention to the range and scope of actions that policy actors could develop to address the challenges facing Europe today.

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