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A response to Phillip Magness in The Wall Street Journal

Comment on Paul Krugman’s recent observations on US inflation

U.S. GDP accounting underestimates intangible capital, overstates financial capital, and is all but oblivious to the the erosion of human and social capital. A serious growth slowdown is coming.

With unemployment reaching very low levels in major economies, despite low – and slowly rising – inflation, it’s time for central banks to rethink their reliance on the so-called natural rate. No numerical target for this rate can serve as an anchor for monetary policy.

The EU is preparing to take a tough line with Britain, in order to deter other member states from following it out of the Union. But it is the neoliberal agenda that has prevailed for last four decades, benefiting only the top 1%, that is fueled voter anger on both sides of the Atlantic.

The rise of the economist as engineer is, economists and historians say, an essential characteristic of the development of economics in the postwar period.

In the last couple of months, Greece has once again become the center of attention of politicians, academics, and the general public. The debate has, for a large part, focused on Greece’s fiscal deficit as if it were just a self-inflicted Greek problem. But is it?

What’s behind rapidly worsening inequality in the United States?

Trump’s approach largely failed because the problem can’t be solved by tariffs. Here’s the answer.

The discrepancy between technocratic rhetoric and economic facts is colossal.

Economics Nobel laureate Sir Angus Deaton discusses his latest book, Economics in America, which takes an autobiographical approach to how the field of economics addresses the most pressing issues of our time—from poverty, retirement, and the minimum wage to the ravages of the nation’s uniquely disastrous health care system.

Arjun Jayadev, economics professor at Azim Premji University in Bangalore, India, and Achal Prabhala, coordinator of the AccessIBSA project, discusses the urgency of waiving intellectual property protections for vaccines, particularly in light of the on-going COVID-19 pandemic in India and other developing countries.

Financial Times Asia editor Jamil Anderlini talks to Rob about the lasting legacy of the Opium Wars on Chinese foreign policy, and the future of Hong Kong.