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
Economy
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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
Trump: Reaganomics Redux
It’s wages, stupid! Analysts are pondering why millions of the same voters who favored President Obama in 2008 and (less enthusiastically) in 2012 pivoted to
Globalisation’s Last Gasp
Does Donald Trump’s election as United States president mean that globalisation is dead, or are reports of the process’ demise greatly exaggerated? If globalisation is
Why Fiscal Money Is Better Than Helicopter Money And QEP At Beating Deflation And Austerity
Here we examine the main differences between Fiscal Money or Tax Discount Bonds (TBDs) which are issued by the state and backed by the future
The Stability And Growth Pact Has Failed
Seven Eurozone member-states have received a warning letter from the European Commission on potential deviations from the prescribed budgetary norm in 2017 and likely need