Economic Sovereignty: A Delusion
It has been Conservative policy in Britain since Mrs Thatcher to reduce the size of the state in pursuit of some golden age where private
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It has been Conservative policy in Britain since Mrs Thatcher to reduce the size of the state in pursuit of some golden age where private
The great majority of the economic forecasts have concluded that Brexit will damage the UK economy. In the case of ‘no deal’ between the UK
Since a revolving door was installed at the entrance to the West Wing of the White House, it has been difficult to keep track of
Western capitalism has few sacred cows left. It is time to question one of them: the independence of central banks from elected governments. The rationale
The euro rally on FX markets really begins to look interesting now: 1.2 on the Dollar, a level never experienced since January 2015, just before
A job is the best way out of poverty. This is a widely held belief among European policy-makers. Therefore, labour market reforms in European countries
Climate change poses serious financial risks. Perhaps the biggest systemic risk is a disorderly transition to a low carbon economy. As noted in the Bank
Right at its 60th anniversary, the European Project is facing real challenges. The most obvious, perhaps, is the decision of the British people to leave
According to mainstream economic theory, globalization tends to “lift all boats,” and has little effect on the broad distribution of incomes. But “globalization” is not
Inequality is usually measured by comparing incomes across households within a country. But there is also a different kind of inequality: in the affordability of
What do I care about my chitchat of yesterday? The famous statement of German Chancellor Konrad Adenauer could well have been repeated by French President
As global capitalism advances through the second decade of the 21st century, three observations stand out: While the mainstream attempts to trivialize these as the
The time of large SUVs is over: this is what experts in the automobile industry said in 2008, when the oil price was at its
Driven by the politics of resolving the Euro crisis, ordoliberalism has sparked great academic interest in recent years. To many observers, this school of thought
Since the 1940s, the Left in most western European countries has relied on a combination of four strategies to tackle inequalities in the distribution of
Central banks have a problem: growth in much of the world is accelerating, but inflation has failed to take off. Of course, for most people,
The EU has finally recovered all the net employment losses sustained since the global financial crisis. It has been a long and painful process. But