Antifragile states
Branko Milanovic explains how globalisation has allowed small states to become major players and big cities to outgrow their nation-states.
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
The German impasse
Adam Tooze dissects how the macroeconomic policy discourse is disabling necessary German, and European, steps forward.
International tax emergency: a critical time for developing nations to speak up!
An OECD proposal to reduce transnational tax evasion contains flaws which developing countries must challenge before it is set in stone.
Finally a eurozone budget, probably the wrong one
A eurozone budget is an idea whose time, at last, may have come. But what is on the table contains familiar flaws.
Europe’s Green Deal is turning red
The European Green Deal does not just aim at combating the climate crisis. It’s also an opportunity for social change.
Central-bank digital currencies: proceed with caution
Peter Bofinger argues that introducing central-bank digital currencies would need to be subject to very careful consideration.
The Manchester revolution
Paul Mason reimagines the Manchester of his birth in a postcapitalist age—and raises the challenge of getting there.
Our shrinking economic toolkits
For four decades, mainstream economists and policymakers have been wedded to fixed dogmas. Their blind belief in fiscal discipline threatens the very stability of societies.
Ireland’s recovery: from bust to buoyancy … to Brexit?
If procyclical domestic policies inflated Ireland’s economic bubble, procyclical austerity demanded by the troika which bailed it out makes Ireland’s recovery all the more remarkable.
Preventing digital feudalism
Reforming the digital economy so that it serves collective ends is the defining economic challenge of our time.
A Green New Deal beyond growth
A genuine European Green New Deal must place social justice and ecological protection ahead of fiscal discipline and economic growth.
Ireland’s route from boom to bubble to bust
Ireland’s volatile economic path of recent decades has wider European policy implications. Part one: the ‘Celtic Tiger’ and its demise
Should we worry about income gaps within or between countries?
The rise of populist nationalism throughout the west has been fuelled partly by a clash between the objectives of equity in rich countries and higher living standards in poor countries.
German rebalancing—out of exit options
The consensus against German fiscal rebalancing is cracking—because the export demand which allowed it long to be avoided is looking shaky.
Open letter to my German friends about the ECB policy
Guillaume Duval argues that Germany can see the end of ECB quantitative easing—if only it stops imposing austerity on the eurozone.
Top of Lagarde’s ECB to-do list: stop QE and democratise monetary policy
If Christine Lagarde is serious about greening the European Central Bank, she must not hide behind its mandate.