How climate agreements and trade measures go together
Rather than focusing on international conferences like COP, we should direct our energies towards negotiating agreements that can achieve progress in narrow, but crucial, economic sectors.
3m ago
Fixing global economic governance
Rarely have the shortcomings of world leaders and existing institutional arrangements been so glaringly obvious.
6m ago
Inequality and democracy
Should we be surprised that so many people view the growing concentration of wealth with suspicion, or that they believe the system is rigged?
8m ago
Double standards of Western industrial policy
US President Joe Biden’s administration should be commended for its open rejection of two core neoliberal assumptions.
11m ago
No confidence in the Fed
The aftershocks of the collapse of Silicon Valley Bank (SVB), while seemingly fading, are still reverberating around the world.
12m ago
Who stands for freedom?
We desperately need free markets, but that means, above all, markets that are free from the stranglehold of monopoly and monopsony.
1y ago
How not to fight inflation
Anyone with any faith in the market economy knew that the supply issues would be resolved eventually; but no one could possibly know when.
1y ago
All Pain and No Gain from Higher Interest Rates
In the name of taming inflation, central banks have set themselves on a path to cause a recession.
1y ago
June 9, 2017
Trump's Rogue America
Donald Trump has thrown a hand grenade into the global economic architecture that was so painstakingly constructed in the years
May 3, 2017
Lessons from the anti-globalists
The likely victory of Emmanuel Macron in the French presidential election has elicited a global sigh of relief.
April 11, 2017
Illiberal stagnation
Today, a quarter-century after the Cold War's end, the West and Russia are again at odds. This time, though, at least on one side, the
February 22, 2017
How to survive the Trump era
Trump sees the world in terms of a zero-sum game. In reality, globalisation, if well managed, is a positive-sum force: America gains if its friends and allies — whether Australia, the EU, or Mexico — are stronger. But Trump's approach threatens to turn it into a negative-sum game: America will lose, too.
January 11, 2017
Trumpian uncertainty
Donald Trump grasped the spirit of the time: things weren't going well, and many voters wanted change. Now they will get it: there will be no business as usual. But seldom has there been more uncertainty. Which policies Trump will pursue remains unknown, to say nothing of which will succeed or what the consequences will be.
January 1, 2017
The Age of Trump
On January 20, 2017, Donald Trump will be inaugurated as the 45th President of the United States. I would hate to say “I told you so,”
November 15, 2016
What America's economy needs from Trump
The problems posed by the disaffected Americans – resulting from decades of neglect – will not be solved quickly or by conventional tools. An effective strategy will need to consider more unconventional solutions, which Republican corporate interests are unlikely to favour.
October 20, 2016
Why Trump?
Change entails risk. But the Trump phenomenon – and more than a few similar political developments in Europe – has revealed the far greater risks entailed by failing to heed this message.
September 17, 2016
A better economic plan for Japan
It's been a quarter-century since Japan's asset bubble burst – and a quarter-century of malaise as one “lost decade” has followed another.
August 25, 2016
Reform or divorce in Europe
In response to asymmetric shocks and divergences in productivity, there would have to be adjustments in the real (inflation-adjusted) exchange rate, meaning that prices in the eurozone periphery would have to fall relative to Germany and northern Europe.
X