Left Should Stop Equating Labour With Work
It is intellectually excusable for those on the political right to want to restrict the meaning of work to labour, or income-earning activity. It is
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
Moving Beyond “Capitalism”
I wish we would stop using the word Capitalism. It is a 19th-century term, derived from 19th-century economic philosophy. But today people who would run
Quality Of Life In Germany Is More Than Just Making Ends Meet
Discussions on Germany at European level invariably focus on the country’s strong economic performance and how this relates to the labour market and broader society.
Time For A European Dialogue On The Platform Economy
Digital platform operators and workers need to talk, seriously. As the platform economy grows it is extending far beyond the well-known names such as Uber
Outline Of A New World Currency System
The financial and economic crisis and the drastic situation in the Eurozone have shown the limitations of liberalised markets in ensuring – of their own
Berlusconi’s Flat Tax Fallacy
“A flat tax is for a flat earth”: This was my answer to Grzegorz Kolodko, Poland’s Minister of Finance and First Deputy Premier for the
Restoring European Solidarity
Strange to say, but between the international debt crisis of the 1980s and the Great Recession of 2008, Europe has shown an overall GDP growth
Economics For Democratic Societies: Reframing The Free Market Debate
Back in 2006 I tried to start a project titled Economics for Democratic and Open Societies. At that time, I sent proposals to several foundations.
Renewing Franco-German Axis: Challenges For Eurozone Reform
If approved, the results of the agreement in principle (German text here) on the renewal of the Grand Coalition in Germany could be an important
Why EU Should Not Upgrade The Customs Union With Turkey
Recent developments in EU-Turkey relations are revealing. The EU-Turkey high level meeting of May 2015 gave the green light for upgrading bilateral trade. Less than
Iceland Alone and Latvia Captured
Two small countries, Iceland and Latvia, were severely affected during the global crisis in 2008. Iceland was the first to be hit and Latvia the
Why A Rebooted ESM Is Much Better Than An EMF
After the controversial European Monetary Fund (EMF) proposal by the European Commission of December 2017, it’s clear that the debate about the future role and
American Democracy Sold To The Highest Bidder
Aristotle measured the quality of democracy by the extent to which politics constrains the economically powerful, allowing the preferences of the landless to be reflected
Boosting Domestic Demand And Investments Is Good For Germany – And The Eurozone
The outcome of the first negotiation package agreed between CDU/CSU and SPD needs to become more precise before being approved by their congresses. There is
Growth Is Back! So What?
Reports of the death of growth have been greatly exaggerated. As the IMF noted last month, the world enjoyed in 2017 the “broadest cyclical upswing
Why Greece Could Have Returned To Financial Markets Much Earlier
A few weeks ago Athens persuaded private holders of about €30 billion in Greek debt to swap short maturity bonds for five new ones of