How Edmund Phelps Got It Wrong On Greek Austerity
In the debate on the Greek crisis, no cliché was too tawdry to be used and no claim too stupid or false to be made
Can We Stop The Fragmentation Of Europe?
The European Union’s economic crises of the last half-decade have fueled the emergence of a deep divide between the northern creditor countries and the southern
Fraud, Fools, And Financial Markets
Adam Smith famously wrote of the “invisible hand,” by which individuals’ pursuit of self-interest in free, competitive markets advances the interest of society as a
A Nail-biting Exercise For Alexis Tsipras
We’re sitting on the roof terrace of a restaurant at the foot of the Acropolis, with the brightly lit temple above us. But the mood
Why The EU Should Consider Decriminalising People Smuggling
EU member states agreed on 14 September to strengthen actions against people smugglers in the Mediterranean as part of their response to the ongoing migration
The Changing Climate On Climate Change
In the early 1990s, when I was Prime Minister of Norway, I once found myself debating sustainable development with an opposition leader who insisted that
Why In The Digital Economy Workers Should Own More Company Shares
Richard B. Freeman, Herbert Ascherman Professor of Economics at Harvard University and Co-Director of the Labor and Worklife Program at Harvard Law School, joins Social
Why Germany Needs A Discussion About Islamophobia
While Germany has witnessed public displays of support for refugees during the refugee crisis, this year has also seen the rise of anti-immigrant and anti-Muslim
How Uber Could Be Part Of The Solution 21st Century Transportation
Uber and Big Taxi are at loggerheads in Europe and all over the world, with battle lines drawn and the public and politicians taking sides.
The Refugee Crisis, Immanuel Kant And Germany’s Moral Leadership
Economists err when they think that human rationality is all about applying one’s means efficiently in order to achieve one’s ends. That the efficient application
Ten Dollars A Week Can Keep A Refugee Child Off The Streets
Just days ago, Abdul al-Kader, his four-year-old daughter, Abdelillah, draped over his shoulders, was photographed standing at a dangerous intersection in Beirut, trying to sell
Policy Credibility, Market Confidence And The Private Sector
The notion of the credibility of policy-makers and how that creates incentives for the private sector to consume, save, invest and innovate is at the
Eastern Europe’s Crisis Of Shame
As thousands of refugees pour into Europe to escape the horrors of war, with many dying along the way, a different sort of tragedy has
The Migration Crisis In The EU: Between 9/11 And Climate Change
In the wake of the mounting migration crisis in Europe, Global Policy Journal General Editor David Held unpicks the reasons behind the upsurge in people
Economists Vs. Economics
Ever since the late nineteenth century, when economics, increasingly embracing mathematics and statistics, developed scientific pretensions, its practitioners have been accused of a variety of
The German Minimum Wage Is Not A Job Killer
Mainstream economists excel in scaremongering about the dismal effects any policy that tries to correct market forces may have on economic performance. By arguing that
We Were Better Served By Old-fashioned Relationship-focused Bank Managers
When I was a schoolboy in Edinburgh in the 1960s, the head office of the Bank of Scotland was an imposing building on the Mound,