What is the logic behind austerity? The standard explanations given during the last five years do not hold solid ground. Many – including famous economists and central bankers – had…
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Stronger legislation than the European Commission envisages is needed to regulate AI and protect workers.
Defying common sense as well as business and financial elites, US President Donald Trump seems to relish the prospect of a trade war. On July 6, his latest trade restrictions…
While unemployment rates are continuing to fall in Europe and the US, many workers have discovered that finding a job may not solve all their problems. Bertelsmann Stiftung reports in…
Faced with escalating deaths in the Mediterranean, official Europe needs to relocate its moral conscience.
In his recent op-ed and the associated working paper, Thomas Palley warns against the Ricardian vice of ignoring political-economy considerations when laying out policy proposals, thus focusing too narrowly on…
Amid talk of a ‘Hamiltonian moment’, the Next Generation EU recovery fund recalls a later US Treasury secretary as a fiscal union emerges.
For decades, Western governments (and their economies) have been delivering real growth and economic well-being to their citizens. But changes that have occurred since the 1980s have made it increasingly…
On March 25, Europe’s leaders convened in the birthplace of the “European project” to celebrate the 60th anniversary of the Treaty of Rome. But what exactly was there to celebrate?…
Amid the 1970s economic crisis in Britain, Lucas Aerospace workers, threatened with redundancy, developed a plan for socially useful work. It’s an idea whose time has come.
Economic growth has lifted hundreds of millions of people out of poverty and improved the lives of many more over the last half-century. Yet it is increasingly evident that a…
They are a political odd couple, Emmanuel Macron and Sigmar Gabriel, yet they have together put out a radical proposal for reforming the EU/EZ that might just help revive the…
Aristotle measured the quality of democracy by the extent to which politics constrains the economically powerful, allowing the preferences of the landless to be reflected in public policy. According to…
Ideas spread fast, bad ideas spread faster. Over the last few months, the European Commission has tried to give new impulse towards achieving a ‘Social Triple A’ rating. At the…
Of the many tough economic lessons from the latter part of the previous decade, the one about the unreliability of GDP size and growth rates as diagnostics of economic wellbeing…
How should the European Union react to the decision of the British people to withdraw from the union? This is the question that is at the center of the political…
The Berkeley economist Barry Eichengreen recently gave a talk in Lisbon about inequality that demonstrated one of the virtues of being a scholar of economic history. Eichengreen, like me, glories…