The Spider Of Finance
The global system of financial regulation is extraordinarily complex. Partly for that reason, it is little understood. In order to explain it to my students
The global system of financial regulation is extraordinarily complex. Partly for that reason, it is little understood. In order to explain it to my students
A few years ago, Richard Anker, a former ILO official, wrote an important paper on the historical evolution of the notion of ‘living wages’ and
Until recently, there has been very little analysis of women’s role in the economy. Two centuries ago, Mary Wollstonecraft published her proto-feminist A Vindication of the
Economic recovery in the Eurozone is not delayed. It is non-existent. The Financial Times for the first day of October carried several articles assessing the
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