Rethinking capitalism requires that the primary focus should be on the distribution of economic power as the potential leading causal factor driving inequality.
The task now is to turn the reactive response to the health and economic emergencies into a proactive set of policies and actions.
The English economist’s views on “animal spirits” are vital to understanding his work.
Massive stimulus plans combined with rising production costs could lead to expectations that inflation will rise. And that alone could trigger an inflationary spiral not seen in 25 years.
Whether the next pandemic bailout bill is called relief or stimulus depends on what ails the US economy – and maybe it doesn’t matter at all.
The Australian government’s spending is Keynesian, but its approach to wage growth is not.
While necessary during the crisis, government borrowing isn’t costless. Longer term, it might depress living standards.
If there is one lesson from history, it is that the economy will pick up again.
An audio version of an in depth article on four possible futures for the world after coronavirus.
The prosperity and happiness of one country promotes that of others. That’s a lesson Donald Trump has never learned.
An economist unravels the seeming contradiction between stocks flirting with all-time highs and growing fears of a recession.
Half of South Africa’s population remain chronically poor, and the quarter in-between struggle to stay out of reach of destitution.
History suggests we can run sizable budget deficits while shrinking the budget debt burden. Mid last century our leaders weren’t afraid to say so.
There’s a move to have economists acredited, like dentists. But it doesn’t have much support yet.
Earth has limited resources, so we can’t keep using them up. We need to look post-growth.
Workers are more productive than ever and earning the same amount. So shouldn’t they be working less?
President Trump recently released his tax plan, but he’s also said he wants to stimulate the economy with infrastructure spending. Is one more effective than the other at boosting growth?
There’s a raging debate in South Africa about the role of its central bank. This is inevitable given that so much is changing in the world of central banking and in economic life.
The World Bank has changed direction. It won’t be giving up on public funding, but it will increasingly be trying to attract private investors to developing countries.
It’s time to update the old agenda of the 19th century: less working time and more money for all, in the form of shorter work days and a universal basic income.