The Greater Depression
First it was the 2007 financial crisis. Then it became the 2008 financial crisis. Next it was the downturn of 2008-2009. Finally, in mid-2009, it
Democracy In The Twenty-First Century
The reception in the United States, and in other advanced economies, of Thomas Piketty’s recent book Capital in the Twenty-First Century attests to growing concern about rising
Europe According To Mario Draghi
Central bankers are often proud to be boring. Not Mario Draghi. Two years ago, in July 2012, Draghi, the president of the European Central Bank,
The Perils Of Economic Consensus
The Initiative on Global Markets, based at the University of Chicago, periodically surveys a group of leading academic economists, of varying political persuasions, on the issues
Why We Need A More Substantive European Democracy
Are we witnessing a transition toward a post-democratic society? In an interview with EUROPP’s editor Stuart Brown, Colin Crouch discusses democracy within the EU, the use of
The Politics Of Radical Hope
I’ll begin with a story. One that dominates the philosopher Jonathan Lear’s brilliant book, ‘Radical Hope: Ethics in the Face of Cultural Devastation’. It is about the
Charting Decline In Europe
Two years have passed since Mario Draghi promised to do “whatever it takes” to save the euro. The bond markets have calmed down but the crisis of
Social Progress In Europe Depends On Economic Reform
The social challenges in Europe are clear and will not easily be overcome over the next half decade: 25 million Europeans are unemployed, with unemployment
The Rebirth Of Stakeholder Capitalism?
In recent weeks, the managers, employees, and customers of a New England chain of supermarkets called “Market Basket” have joined together to oppose the board
Erdoğan And The Paradox Of Populism
The triumph of Recep Tayyip Erdoğan in Turkey’s first direct presidential election is no surprise. Erdoğan is popular, and, as Prime Minister since 2003, he
Work, Worth And Wages
What someone is paid has little or no relationship to what their work is worth to society. Does anyone seriously believe hedge-fund mogul Steven A. Cohen
The Inequality Of Life And Death
There is no more urgent social task in rich countries than to tackle vital inequality, the inequality of life, health, and death. European welfare states
Securing The Middle Class In The Internet Age
Ten years ago, the world emerged from the dot-com bust and started to look more soberly at the Internet’s potential. While speculative greed and fear
The Real Raw Material Of Wealth
Poor countries export raw materials such as cocoa, iron ore, and raw diamonds. Rich countries export – often to those same poor countries – more
The Increasing Irrelevance Of Corporate Nationality
“You shouldn’t get to call yourself an American company only when you want a handout from the American taxpayers,” President Obama said Thursday. He was referring
Do We Need A Single-Member Private Limited Liability Company (SUP)?
The European Commission has once again issued a legislative proposal which jeopardises workers’ rights. The proposal for a “single-member private limited liability company” (SUP in
The Great Income Divide
Thomas Piketty’s book Capital in the Twenty-First Century has captured the world’s attention, putting the relationship between capital accumulation and inequality at the center of economic debate.