The Age Of Vulnerability
Two new studies show, once again, the magnitude of the inequality problem plaguing the United States. The first, the US Census Bureau’s annual income and poverty
Two new studies show, once again, the magnitude of the inequality problem plaguing the United States. The first, the US Census Bureau’s annual income and poverty
On the occasion of the centenary of the outbreak of the war in Europe, it is my great privilege to give this address to the
The discussion has so far followed easily predictable national patterns: Creditor countries do not object to deflation, because it increases the real value of their
The right to free movement is one of the founding principles of the European Union, however it has also been a source of controversy, particularly
Europe is losing momentum in greening its economy, and its former leadership in this area is eroding rapidly. Indeed, after a 60% drop in clean
You might have heard about recent reports stating that global inequality is decreasing. This is a nice example of constructing the comparison according to the result
“If the facts don’t fit the theory, change the theory,” goes the old adage. But too often it is easier to keep the theory and
The SPD in Germany are part of the Grand Coalition Government with 26 per cent of the vote. The Social Democrats in Sweden form a minority
For most of the beginning of 2014, the eurozone seemed to be in a state of recovery – weak and unsteady, but nonetheless real. In
Though the world’s eyes now are on Scotland’s referendum on independence from the United Kingdom, Scotland is not alone in seeking to redraw national boundaries. There are
Since I believe that the Scots are sensible, I think that they will vote “no” this week to independence. But, whichever way the vote goes,
Slow growth in the Eurozone has become endemic since the start of the sovereign debt crisis in 2010. This is made very clear in Figure
It is hardly news that the rich have more political power than the poor, even in democratic countries where everyone gets a single vote in
While Mario Draghi has stolen the show with his speech at Jackson Hole, another speech by Haruhiko Kuroda, governor of the Bank of Japan, is
There is a real and present danger of overt hostility of majority populations towards the minorities established in the EU. An important factor fuelling rising
The deteriorating relationship between the United Kingdom (UK) and the rest of the EU, including the prospect of a referendum on EU membership, would have
It has been pretty clear since at least the spring of this year that the ECB was keen to see the euro weakening. At the