Economic Stagnation By Design
Soon after the global financial crisis erupted in 2008, I warned that unless the right policies were adopted, Japanese-style malaise – slow growth and near-stagnant
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
Why We Need Basket Eurobonds
The Euro area is suffering from insufficient macroeconomic stabilisation At the end of 2009 the unemployment rates of the Euro area and the United States
A Brain’s View Of Economics
In his pathbreaking 2005 book On Intelligence, Jeff Hawkins proposed an alternative paradigm of how the human brain works. In his view, the brain is
Free Trade And Costly Love
The World Trade Organization’s ministerial conference in Bali in December produced a modest package of encouragements to global trade. More broadly, the WTO’s multilateral approach
The Inequality Nightmare
Inequality Nightmare – “The poor cannot sleep, because they are hungry,” the Nigerian economist Sam Aluko famously said in 1999, “and the rich cannot sleep,
Why Coal Production Must End
Germany is now producing more coal than for twenty years. This has occurred in a society that prides itself on its concern about climate change
The New Inequality
New inequality – From the start, policy responses to the 2008 financial crisis were colored by memories and interpretations of the Great Depression. The conventional
The Specialization Myth
Some ideas are intuitive. Others sound so obvious after they are expressed that it is hard to deny their truth. They are powerful, because they