After taking a short breather in late January-early February, the markets now seem to be back in ‘happy mode’. Whether the news on the economic recovery is good or bad doesn’t really matter. The current convention is that growth acceleration is under way. That emerging markets had become key drivers of global growth was yesterday’s […]
Our blogs are short commentaries on current affairs issues.
If you ever wonder what’s fueling America’s staggering inequality, ponder Facebook’s acquisition of the mobile messaging company WhatsApp . According to news reports yesterday, Facebook has agreed to buy WhatsApp for $19 billion. That’s the highest price paid for a startup in history. It’s $3 billion more than Facebook raised when it was first listed, and more […]
While France and Britain cooperate on multiple fronts, the Cameron government is not above using its neighbor as a political foil. Grant Shapps, conservative party chairman opined in January 2014 that French President Hollande had “led his countrymen back into the dust” which is “exactly what [Labour leader] Miliband wants to do with the British […]
People ask me all the time why we don’t have a revolution in America, or at least a major wave of reform similar to that of the Progressive Era or the New Deal or the Great Society. Middle incomes are sinking, the ranks of the poor are swelling, almost all the economic gains are going […]
Everyone has heard of neoliberalism, but not many outside Germany have heard of ordoliberalism. I’m hardly an expert on it either, and in particular I know very little about the particular thinkers involved and the many varieties of each concept. However as an economist it seems to me that ordoliberalism is much closer to economics […]
Henning Meyer has asked my opinion on the big societal challenges likely to characterize the year we’ve just entered. There are, no doubt, many – perhaps uncountable – unresolved issues that will demand close watching during the coming year and press us for bold decisions and fateful steps. They are too numerous and most of […]