Populism is boosted by economic crises, but its roots are cultural.
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Why has modern monetary theory come out of the academy? Because it helps model the current economic predicament and how to get out of it.
Thank you for inviting me. Thank you for being here. Thank you for the warm welcome. Above all thank you for the opportunity to build bridges, to pave common ground,…
Driven by the politics of resolving the Euro crisis, ordoliberalism has sparked great academic interest in recent years. To many observers, this school of thought explains Germany‘s approach towards overcoming…
The year 2015 was a hard one all around. Brazil fell into recession. China’s economy experienced its first serious bumps after almost four decades of breakneck growth. The eurozone managed…
Amid talk of a ‘Hamiltonian moment’, the Next Generation EU recovery fund recalls a later US Treasury secretary as a fiscal union emerges.
It appears Belgium’s Wallonia has put a nail in the coffin of the EU-Canada trade agreement (CETA) by vetoing it. The reasons, The Economist puts it, “are hard to understand.”…
Discussion of the EU budget brings strife between supposed net contributors and beneficiaries. Yet the picture is more complex and Europe-wide taxation offers a way out.
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…
Europe’s citizens are torn between the European integration project, which requires market liberalization and competition rules promising greater welfare, and national welfare states, which are the framework for redistributive policies…
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…
He came from Algeria seeking a better life, anticipating an escape from poverty, oppression, and hopelessness. In Paris, he found a low-skill job and had children and grandchildren. As French…
In the early 1990s, when Poland underwent its infamous “shock-without-therapy” – which cut national income by nearly 20 percent, pushed unemployment over three million and increased the budget deficit to…
It is quite amazing that the European Commission has never really addressed the question of European democracy. Neither a White Paper nor a Green Paper has been issued to reflect…
Unregulated capitalism has always tended to monopoly. But Big Tech represents a challenge antitrust tools can’t tame.
Donald Trump is winning Republican presidential primaries at such a great rate that he seems likely to become the next Republican presidential nominee and perhaps the next president. Democrats have…
A commitment to the independence of central banks is a vital part of the creed that “serious” policymakers are expected to uphold (privatization, labor-market “flexibility,” and so on). But what…