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,
Labor Day: Good Time To Readdress Pay And Collective Bargaining
President Obama has belatedly awakened to the plight of America’s middle class whose economic fate is dependent almost entirely on wages. Taking a lead from
Euroland Has No Plan B: It Needs An Urgent Recovery Plan
At last, the eurozone economy appears to be experiencing some kind of recovery. GDP started growing again in the spring of 2013, following seven quarters
Democratizing The Eurozone
Like Macbeth, policymakers tend to commit new sins to cover up their old misdemeanors. And political systems prove their worth by how quickly they put
The European Union Needs To Redefine What It Means To Be A ‘Refugee’
EU member states will hold a meeting on 14 September to discuss Europe’s escalating migration crisis. As Christopher J. Ayres writes, the crisis has prompted
Labor Day 2028
In 1928, famed British economist John Maynard Keynes predicted that technology would advance so far in a hundred years – by 2028 – that it will
The Dialectics Of European Integration – A New Push For A Federal EMU?
Whatever else they might disagree about, just about everybody commenting on Europe agree about this: the succession of crises – financial, economic, fiscal, and now
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 is by
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
Why The Left Is Split Over Europe
How has opposition to the European Union changed in light of the Greek debt crisis, the UK’s planned referendum on EU membership, and the migration