In an environment of secular stagnation in the developed economies, central bankers ingenuity in loosening monetary policy is exactly what is not needed. What is needed are admissions of impotence, in order to spur efforts by governments to promote demand
detailsWe will have to wait and see whether the US Business Roundtables recent statement renouncing corporate governance based on shareholder primacy is merely a publicity stunt.
detailsThe value of heroism is again on the rise, especially in countries where undemocratic regimes can no longer be relied on to deliver economic prosperity
detailsAs policymakers, academics, and activists prepare for next months United Nations climate summit in New York
detailsThese days, liberal democracy and authoritarianism seem to be engaged in a process of competitive decay, the outcome of which remains uncertain.
detailsUnlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks
detailsBy asserting direct government control over Kashmir, Indias prime minister is remaking the country in the image of his chauvinist party.
detailsRecent unilateral decisions by the Indian, American, and British governments are part of a worrying trend in the worlds leading democracies.
detailsHistory suggests that a global superpower in relative decline should aim for a soft landing, so that it still has a comfortable place in the world once its dominance fades. By contrast, US President Donald Trumps incoherent, confrontational approach towar
detailsMany partisans accused President George W. Bush of lying and pressuring the intelligence community to produce intelligence to justify a war that Bush had already chosen
detailsThere is much to be celebrated in the rise of modern megacities, especially in developing countries.
detailsMarkets are mechanisms of social choice, in which dollars effectively equal votes. those with more purchasing power thus have more influence over market outcomes
detailsThe success of populist politicians such as US President Donald Trump and new British Prime Minister Boris Johnson suggests that voters are becoming increasingly gullible.
detailsAfter years in which the European Council acted as if there were no qualified women to lead the European Central Bank, it has finally abandoned that ludicrous excuse and appointed Christine Lagarde to the position.
detailsaccording to the sustainability organization Global Footprint Network, humanity will have used up the Earths resource budget for the entire year.
detailsIt is easy to get caught up in escalating strategic competition and conflict on Earth. But, 50 years after the Apollo 11 mission reached the Moon
detailsVoters who support populist parties and leaders are making political choices that they know to be risky because they feel as though they have nothing to lose.
detailsAfter centuries of industrialism, we are now on the cusp of a technological revolution that has the potential to abolish all necessary work, giving rise to societies built around leisure and a classical ideal of freedom. The biggest hurdle to realizing su
detailsUS President Donald Trump has been accused of weaponizing economic globalization. Sanctions, tariffs, and the restriction of access to dollars have been major instruments of his foreign policy, and he has been unconstrained by allies, institutions, or rul
detailsAfter years of disregarding privacy, exploiting user data, and failing to control its platform, Facebook has now unveiled a cryptocurrency and payment system that could take down the entire global economy.
detailsPolicy gurus spend too much time with others like them top civil servants, high flying journalists, successful business people and too little time with ordinary voters.
detailsForty years after the revolution that ousted the Shah, Irans unique political-religious system and government appears strong enough to withstand US pressure and to ride out the countrys current economic difficulties.
detailsIf a universal basic income is used primarily to service debt and secure new loans, it cannot fulfill its promise as a revolutionary pathway to freedom from the whip of the market
detailsThe hubris of much liberal legal thinking has been to assume that once a rule-of-law regime is in place, it will be almost perpetually self-sustaining.
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