Economics Has To Come To Terms With Wealth And Income Inequality
Nobel laureate Joseph Stiglitz has been writing about America’s economically divided society since the 1960s. His recent book, The Price of Inequality, argues that this
Good And Bad Inequality
In the pantheon of economic theories, the tradeoff between equality and efficiency used to occupy an exalted position. The American economist Arthur Okun, whose classic
Social Europe Needs A New Social Democracy
As 2014 draws to a close, Europe’s economies remain stuck in second gear and feeble growth cannot compensate for the loss of output and jobs
Why TTIP Has To Be Rethought
The current debate about the planned Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States concerns a number of contested
Reducing Inequality: Social Europe And Cohesion
‘Social Europe’ implies for most experts the development of national welfare states and their protection against the forces of globalization and international competition as most
Access To Healthcare In Times Of Crisis
The crisis has had an important impact on hugely complex healthcare systems, interacting with, and sometimes dominated by, other major drivers of change. Maintaining access
Social Europe Needs A Positive Vision
In his magisterial One Hundred Years of Socialism, Donald Sassoon described how, under the influence of the 19th century German leader Karl Kautsky, the European
Why The Structural Deficit Does Not Exist
A few days ago the Italian government objected to the way that putative technocrats at the European Commission calculated their country’s “structural deficit”. To all
Surfers Without Waves – Is Social Democracy Dead In The Water?
Is social democracy already dead and like the proverbial headless chicken are we simply running round the yard on instinct before we topple over for
Saving Social Europe: Going Beyond The EU’s ‘Governing By The Rules And Ruling By The Numbers’
During the euro’s sovereign debt crisis, European leaders have been obsessed with rules, numbers, and pacts, including the so-called ‘Six-Pack,’ the ‘Two-Pack,’ and the ‘Fiscal
The Global Economy And The Return Of Currency Wars
The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars may be
Reflections On Intervention: Legality, Legitimacy And Feasibility
This afterword by David Held and Kyle McNally is the final chapter of Global Policy’s e-book, ‘Lessons from Intervention in the 21st Century: Legality, Legitimacy
Why President Obama Needs To Reframe The Wage Debate
Stagnant wages have robbed the American middle class of opportunity. Wage compression is why fewer Americans now believe they are middle class; remarkably, the share
Why Brussels Needs To Read Karl Polanyi
The project of European integration is going to run into walls. In political terms, it has become evident that its active as well as its
Creativity, Corporatism, And Crowds
Economic growth, as we learned long ago from the works of economists like MIT’s Robert M. Solow, is largely driven by learning and innovation, not just
Tragedies Like Rana Plaza Highlight Need For Economic Change
Unpredictable events often induce the most radical change. For Bangladesh and its garments industry it could well be that the improvements in standards, as a
A Sovereign Wealth Fund For The Eurozone?
Social Europe Journal has just published its latest research essay by Giacomo Corneo. The main argument of the paper is that the state should become