Harvard Professor Ricardo Hausmann: Redistribution or Inclusion?
The issue of rising income inequality loomed large at this year’s World Economic Forum in Davos. As is well known, the United States’ economy has grown significantly over the past three decades, but More...
Former German Foreign Minister and Vice Chancellor Joschka Fischer: A Greek Burial for German Austerity
Not long ago, German politicians and journalists confidently declared that the euro crisis was over; Germany and the European Union, they believed, had weathered the storm. Today, we know that this was More...
Harvard Professor Martin Feldstein : The Eurozone Needs More than QE
Although the European Central Bank has launched a larger-than-expected program of quantitative easing (QE), even its advocates fear that it may not be enough to boost real incomes, reduce unemployment, More...
Japan’s former defense minister, Yuriko Koike: Japan’s Beheaded Illusions
Japanese Prime Minister Shinzo Abe was on a six-day tour of Egypt, Jordan, Lebanon, Israel, and Palestine, when the Islamic State posted a video online threatening to murder two Japanese hostages, More...
President of the International Crisis Group, Jean-Marie Guéhenno: Fanatics, Charlatans, and Economists
Throughout the world, it seems, crisis is gripping national politics. In election after election, voter turnout has hit historic lows. Politicians are universally reviled. Mainstream parties, desperate More...
Former Chairman of Morgan Stanley Asia Stephen Roach: The Lemmings of QE
Predictably, the European Central Bank has joined the world’s other major monetary authorities in the greatest experiment in the history of central banking. By now, the pattern is all too familiar. First, More...
Harvard Professor Jeffrey Frankel : The End of Republican Obstruction
What a difference two months make. When the Republican Party scored strong gains in last November’s US congressional elections, the universally accepted explanation was that voters were expressing their More...
Nobel Laureate Robert Shiller: What Good Are Economists?
Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional economists to forecast the episode – More...
Lucy P. Marcus: Preparing for the Unknown Unknowns
We live in perilous times. Just as we seem to get our bearings, something happens to make us feel as if our legs have been knocked out from under us. Actions and events often are intertwined, and More...
Hans-Werner Sinn, Prof. Of Economics and Public Finance: Economics and Its Critics
There is much to criticize in economics nowadays. For example, the profession focuses far too little on political issues and far too much on beating students to death with mathematics. But much current criticism More...