Euro shorts smell blood
byWithin the eurozone there are great stresses. At one extreme there are punitive costs of borrowing for Greece, Cyprus, Portugal, Ireland, Spain and Italy;…
Economics
The monetary policy politburo
byIn a fascinating 30-minute interview, David Stockman – a former Director of the Office of Management and Budget under President Ronald Reagan – discusses…
Mass exit from poverty
by(co-authored with Bill Glod) Do the poor have too many choices? MIT economists Abhijit Banerjee and Esther Duflo answer in the affirmative in their…
Happy interventionists: the economist’s attack on your property
byLast week, DIW – the Deutsches Institut für Wirtschaftsforschung (German Institute for Economic Research) – an influential think tank, proposed an ingenious solution to…
Corporate giants rarely outlast their usefulness
byIn this article for City A.M. I discuss Joseph Schumpeter’s concept of “creative destruction”, and why Karl Marx was wrong to suppose that capitalism…
Santayana’s Curse – The Grapes of Wrath
byOur final excerpt from Chapter 2 of Santayana’s Curse. Continued from Timeo Danaos (et Romanos). … this was to be the high point of Italian…
Hugh Hendry v. Joseph Stiglitz
byI received this YouTube clip from a friend of the Cobden Centre and I think it is fantastic. It shows the fundamental banality of…
Santayana’s Curse – Timeo Danaos (et Romanos)
byThe second of three excerpts from Chapter 2 of Santayana’s Curse, which is now available for Kindle. Continued from Union Victory, Union Defeat. … if…
Santayana’s Curse – Union Victory, Union Defeat
byOver the next few days, we will be publishing excerpts from Chapter 2 of Santayana’s Curse, which is now available for Kindle. … it is…
Libor pains
by“It was when Nick Clegg joined the campaign against Bob Diamond that I started to feel a sliver of sympathy for the now former-boss…