Narrowing The Wages Gap In Europe
There are huge disparities in wage levels across the EU. As Figure 1 shows, the level in Romania in 2015 was about half that of
Economy
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Working Against The Jobless Society
The “endless” 2008 crisis is producing difficult growth, excessive unemployment, increasing inequalities. All this is stimulating interest in the recurrent tendencies in capitalism to “secular
Zero Interest Rates In EU: The Myth Of The Poor German Saver
The German saver is suffering! The European Central Bank ought to make policy for the Germans again! That naughty Mario Draghi; those poor Germans! Maybe
What Hope For Civilisation If Apple Pays No Tax?
Brussels has been accused of “bending the rules” in its pursuit of Apple for €13 billion in taxes it says should have been paid in
A Keynesian Proposal For Restoring Italian Economic Growth
One of Italy’s main problems is the poor performance of its public administration. This contributes to Italy’s low international credibility and to the scant appeal
Italy 2017: Back To Austerity
The political turmoil that followed the Renzi government’s resignation after the results of Italy’s referendum on constitutional reforms, the hurried appointment of the new executive
Illegitimate Inequality
In the wake of increasing inequality across the OECD area, public debate over policies of redistribution has become more intensive. Large parts of the populations
Another Way To Overcome Italy’s Banking and Economic Crises
The most urgent task of the new Gentiloni government is to solve the serious problem of Monte dei Paschi di Siena and other banks with
Euro Is The Problem, Not The Union
Year of Referendum Disasters In 2016 the European Union both as an organization and hope for a better and more peaceful future suffered at least
No Intergenerational Equity For Millennials
Eight years on from the global economic crisis, social inequality is rising in the majority of EU member states, according to recent studies. Even worse,
How Bad Can It Get? Prepare For Economic Nationalism
2016 was already quite miserable in so many respects; 2017 promises to get even worse. Looking at the chamber of horrors President-elect Trump is putting
Pay And Social Protection In Platform Capitalism
The market-making matching of supply and demand – not any kind of sharing – defines online platforms. Extension of markets into new spheres may provide
Don’t Cry Over Dead Trade Agreements
The seven decades since the end of World War II were an era of trade agreements. The world’s major economies were in a perpetual state
Preventing the Next Eurozone Crisis Starts Now
European leaders have devoted scant attention to the future of the eurozone since July 2012, when Mario Draghi, the European Central Bank’s president, famously committed to do “whatever
Secret For Business Success In Crisis Times? Trust And Dialogue
Europe has gone through significant economic change over the past decade. Businesses have had to manage unprecedented challenges posed by the financial crisis, globalisation and
Labour Theory Of Value: A Primer
This is a different post from my normal posts. It is a primer and I must ask indulgence from many readers for whom this is
Interest Rate Rise Could Presage #Italeave
When it seemed the ECB had “hibernated” the spread in its balance sheet for good, back it comes. In recent weeks, the yield spread between