Does Capitalism Cause Poverty?
Capitalism gets blamed for many things nowadays: poverty, inequality, unemployment, even global warming. As Pope Francis said in a recent speech in Bolivia: “This system
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
Did Socialism Keep Capitalism Equal?
This is an interesting idea and I think that it will gradually become more popular. The idea is simple: the presence of the ideology of
Economic Recovery? Why Eurozone Under-performance Continues
Prior to the release of growth statistics in the middle of August there was widespread expectation that a sustained eurozone recovery would at last be
Taking Corbynomics Seriously
Fiscal austerity has become such a staple of conventional wisdom in the United Kingdom that anyone in public life who challenges it is written off
The Euro’s Future Is Secure, But It May Not Be The One That We Expect
While the Greek crisis has occupied much attention in recent weeks, in terms of the Eurozone’s longevity, the Greek crisis will prove to be a
A New Approach To Eurozone Sovereign Debt
Greece’s public debt has been put back on Europe’s agenda. Indeed, this was perhaps the Greek government’s main achievement during its agonizing five-month standoff with
The Work And Inequality Challenge Of The Digital Revolution: How Should Governments Respond?
After more than half a decade of debate dominated by the global financial crisis, 2014 saw a departure from this singular focus. Thomas Piketty started
Why We Need A Cultural Revolution In American Capitalism
Corporations are at the center of market fundamentalist capitalism practiced in the UK and US. Yet, in contrast to northern Europe, they are only weakly
What Is The Good Company?
Okay John, thank you very much for joining us today to discuss the concept that you recently put forward in a column in the Financial
The Euro, Like The Gold Standard, Is Doomed To Fail
On 20th July, 2015 Jacques Delors reached the grand old age of ninety years. President Hollande saluted the elder statesman and told Journal du Dimanche,
Europe’s Vindictive Privatization Plan For Greece
On July 12, the summit of eurozone leaders dictated its terms of surrender to Greek Prime Minister Alexis Tsipras, who, terrified by the alternatives, accepted
The Muddled Case For Trade Agreements
With global trade negotiations deadlocked for years, regional agreements – long a dormant route to trade liberalization – are back with a vengeance. The United
The Education Myth
In an era characterized by political polarization and policy paralysis, we should celebrate broad agreement on economic strategy wherever we find it. One such area
Drawing The Right Lessons From The Greek Pension Crisis
The Financial Times has a useful background article on the debate about pension reforms in Greece, one of the main sticking points in the current
Young Entrepreneurs In Europe: Values, Attitudes And Policies
Where is Europe’s Mark Zuckerberg? While half of young people strive for and want a career as an entrepreneur, research shows that only 6.5% of
No Pain, No Gain For Britain?
The economic historian Niall Ferguson reminds me of the late Oxford historian A.J.P. Taylor. Though Taylor maintained that he tried to tell the truth in