Articles

While many countries throughout the world have faced severe financial crises over the last decades, and while the Japanese stagnation and the 1997 Asian financial crisis did induce some additional interest for the introduction of banking and finance in macroeconomic theory, it is only with the advent of the US subprime financial crisis that macroeconomic and monetary theories put forward by mainstream economists have started to be questioned.

We know about emergency lending, but what we are missing is the macroeconomic framework to guide a new rule for stabilization policy

There is much for U.S. authorities to learn from the European example of forcing corporations to pay their fair share of taxes, but more far-reaching oversight of executives’ allocation of resources is also required

How economists turned to the study of collective decision-making after World War II, faced many impossibilities, and lost interest after solving them

Oversights of two generations of social scientists have weakened democracy.

In the past month, analysts from all disciplines have tried to make sense out of shooting deaths of blacks by police and also ambush attacks of police.

One thing is now certain about the upcoming presidential election in the United States: the next president will not be a committed free trader.

No, it’s not bureaucracy that is to blame - It’s the EU that has a problem, because urged by Germany it has pushed a kind of naive globalization, the outgrowths of which contribute to the upswing of dim-witted populists. Not only in the EU. Time for a new paradigm.

An election has failed to resolve a political deadlock that coincides with long-term economic stagnation

Some predict global economic catastrophe if Britain votes to leave the EU, others foresee a more limited set of consequences — and some see a telling trend in the public ignoring economists’ warnings