Europe Is Back At Square One
Europe is back at square one. On the verge of a third recession in five years, the relentless tide is even crashing against the insurmountable
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
Minimum And Living Wages In Times Of Cuts
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
The Economic Consequences Of Sex
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 EU Recovery That Never Was
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
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
Law And Solidarity: Reflections On August 1914
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 ECB’s Faulty QE Weapon
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
Europe’s Fading Climate Policy Ambitions
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
If You Look At One Graph About Inequality Look At This!
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
Europe’s Austerity Disaster
“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
One Nation – Labour’s Political Renewal
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
Revamping Europe’s Tattered Social Contract
For most of the beginning of 2014, the eurozone seemed to be in a state of recovery – weak and unsteady, but nonetheless real. In
The Price Of Scottish Independence
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.
Vanguard Scotland?
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,