A Crisis in Two Narratives
Rajan, Raghuram. With the world’s industrial democracies in crisis, two competing narratives of its sources – and appropriate remedies – are emerging. The first, better-known diagnosis is that demand has collapsed because of high debt accumulated prior to the crisis. Households (and countries) that were most prone to spend cannot borrow any more. To revive […]
Europe’s three-dimensional crisis
Brown, Gordon. In the rush to define Europe’s problems as fiscal, our deep-seated banking and competitiveness problems have been largely ignored. In the search for a simple, one-dimensional answer – austerity and, if that fails, more austerity – to what is a three-dimensional crisis, Europe’s leaders are failing to grasp the profound historical forces now […]
Employee empowerment: towards greater workplace democracy
Briône, Patrick, Nicholson, Chris. There is strong evidence that giving employees more of a voice in the firm that employs them is of benefit to both the firm and the employees. Just as important is the democratic case: employees have a fundamental right to be involved in key decisions that affect their lives. Boosting employee […]