Addressing poverty and inequality in Europe
Official EU statistics mask the alarming extent of poverty and inequality in Europe. Despite slight recent easing, its dangerous scale threatens Europe’s social and political cohesion.
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
Beyond GDP
GDP figures are often in the public eye but they are insufficient measures for well-being. Economics Nobel Laureate Joseph Stiglitz explains why we need to look beyond GDP.
Global Debt Is At Its Peak: Italy Stands Better Than We Think
In the second quarter of 2018 global debt reached a new peak, climbing to 260 trillion dollars ($260,000 billion). At the same time, the global
Why Inequality Matters
There was a time, not long ago, when most economists did not consider inequality in the distribution of income and wealth all that important. True,
Growing Eurozone Inequality And What To Do About It
Growing inequality between eurozone members is one of the least welcome legacies of the euro- and sovereign debt crisis. The idea that the less well-off
Migration Into Europe: A Long-Term Solution?
Why has migration become such a big problem? Many reasons can be adduced: the war in Syria, the integration of Eastern Europe, lack of new
Cum-Ex Scandal: Europe, Let’s Take Back Control
A gang of bankers and lawyers has plundered the treasuries of eleven European countries. The estimated damage from what is known until now: over 55
Upsetting The Apple Cart: Tax-Based Industrial Policies In Ireland And Europe
Ireland has been subject to a great deal of international criticism of its corporate tax regime. While Irish people might feel defensive about this, there
Is The Monetary System Facing The Risk Of Recession?
The International Monetary Fund, other economic institutions, politicians, experts, and a good number of indicators predict a new economic downturn. The causes will be diverse
Italy And The New Eurozone Risk Morphology
It’s a well-established fact that the eurozone as a monetary union is a weird animal. Among the main reasons that surely stands out is its
How The Handling Of The Financial After-Crisis Fuels Populism
Ten years after the collapse of Lehman Brothers people are frequently asking themselves why the crisis has done so much to strengthen populism and nationalism
An Alternative To De-Growth Pessimism
Recently more than 200 academics published an open letter in support of the demands for an economic system that abandons growth as its central objective.
The Political-Economy Fallouts Of Universal Basic Income Schemes
In his recent op-ed and the associated working paper, Thomas Palley warns against the Ricardian vice of ignoring political-economy considerations when laying out policy proposals,
Do Capitalists Still Need Consumers?
While it’s hard to come up with numbers, the delocalisation and outsourcing of production and other economic activities to low-cost countries have resulted in the
Who Really Creates Value In An Economy?
After the 2008 global financial crisis, a consensus emerged that the public sector had a responsibility to intervene to bail out systemically important banks and
Job Guarantee Programs: Careful What You Wish For
Some progressive economists are now arguing for the idea of a Job Guarantee Program (JGP), and their advocacy has begun to gain political traction. For