What’s Wrong With Negative Interest Rates?
I wrote at the beginning of January that economic conditions this year were set to be as weak as in 2015, which was the worst year since
Joseph Stiglitz
How Political Elites Have Failed To Ensure Social Justice Across Generations
Something interesting has emerged in voting patterns on both sides of the Atlantic: Young people are voting in ways that are markedly different from their
The New Geo-Economics
Last year was a memorable one for the global economy. Not only was overall performance disappointing, but profound changes – both for better and for
Why The Great Malaise Of The World Economy Continues In 2016
The year 2015 was a hard one all around. Brazil fell into recession. China’s economy experienced its first serious bumps after almost four decades of
How Inequality Kills
This week, Angus Deaton will receive the Nobel Memorial Prize in Economics “for his analysis of consumption, poverty, and welfare.” Deservedly so. Indeed, soon after the award
America In The Way
The Third International Conference on Financing for Development recently convened in Ethiopia’s capital, Addis Ababa. The conference came at a time when developing countries and
Europe’s Attack On Greek Democracy
The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between
Europe’s Last Act?
European Union leaders continue to play a game of brinkmanship with the Greek government. Greece has met its creditors’ demands far more than halfway. Yet
Investor Protection: The Secret Corporate Takeover
The United States and the world are engaged in a great debate about new trade agreements. Such pacts used to be called “free-trade agreements”; in
A Greek Morality Tale
When the euro crisis began a half-decade ago, Keynesian economists predicted that the austerity that was being imposed on Greece and the other crisis countries
The Politics Of Economic Stupidity
In 2014, the world economy remained stuck in the same rut that it has been in since emerging from the 2008 global financial crisis. Despite
The Issue Is Not Greece: It’s Europe
At long last, the United States is showing signs of recovery from the crisis that erupted at the end of President George W. Bush’s administration,
Economics Has To Come To Terms With Wealth And Income Inequality
Nobel laureate Joseph Stiglitz has been writing about America’s economically divided society since the 1960s. His recent book, The Price of Inequality, argues that this
The Age Of Vulnerability
Two new studies show, once again, the magnitude of the inequality problem plaguing the United States. The first, the US Census Bureau’s annual income and poverty
Europe’s Austerity Disaster
“If the facts don’t fit the theory, change the theory,” goes the old adage. But too often it is easier to keep the theory and