Never mind renegotiation. If Europe wants Britain to stay on board, it needs to sort out its economy. The challenges Europe faces are immense. In the Eurozone, unemployment stands at 11%, with youth unemployment more than double that at over 22%, whilst labour productivity growth is virtually zero and government debt is over 90% of […]
Women’s equality has come a long way in the West. However, with every story of gain we all too often find another story of loss. Take this last week. On the one hand we have the recent election results, which delivered a record number of female MPs in the British Parliament. On the other hand we […]
Just as we should be revelling in economic recovery, and some seven long and lean years on from the financial crisis, a gloom has descended across the economics profession. That gloom comes from the threat of “secular stagnation”. The spectre appears worrying on two counts. The first concerns a slowdown in Western economies’ growth potential. According […]
Since the launch of Piketty’s Capital in the twenty-first century, we have become obsessed with inequality. “There’s been class warfare going on for the last 20 years and my class has won”, declared Warren Buffet in 2011. According to Stiglitz’s new book, due to be published later on this month, the USA is no longer […]
As the commemorations for the start of World War One fade, and with those for the conclusion of World War Two on the horizon, we grow increasingly aware of another war that plagued the twentieth century. In fact, it was a war that lasted significantly longer than either of these two, and which framed the […]
The twentieth century saw capitalism triumph. Admittedly, and for a while at least, capitalism was something of a dark horse. After a rather shaky start, one in which socialism spread to all four corners of the earth, capitalism won the race. By contrast, the twenty-first century has so far been one of trauma. Like it […]
