Archive

‘Tis the season to celebrate gift giving. But for big banks Santa Claus comes all the time, in the form of handsomely wrapped subsidies and subtly packaged regulatory nuances worth more more gold than the wildest dreams of the Three Wise Men.

With the RMB in the SDR, careful progression in China could balance the international monetary system.

Can education stop the country’s backward slide?

There is a deeper story to be told about the inclusion of the Renminbi.

Why are we paying for corporate behavior that crushes innovation, cheats taxpayers, cost jobs, and heightens inequality?

In 2003, McCullough and Vinod wrote, “Research that cannot be replicated is not science, and cannot be trusted either as part of the profession’s accumulated body of knowledge or as a basis for policy.”(1)

“Governments propose, markets dispose,” as Charles Kindleberger liked to say.

The United States economy has come apart, with the rich getting richer and workers’ incomes not advancing at all.

Spain’s future path for economic policy will soon be decided.

How much does the standard theory of externalities and public goods really say?

A gap between theory and reality has haunted economists.

A radical solution to the current economic malaise.

Sometimes a radical path is the most practical way out of a mess.

Throughout its first 10 years operation, the John Bates Clark medal was constantly challenged. Many young economists found it biased toward theory, and demanded the establishment of a distinct award for applied work.

Is an ancient financial taboo keeping us from prosperity? Adair Turner, author of a new book on global finance, explains.