Politics Is at the Root of the Problem
Stiglitz, Joseph. Αusterity policies are driving us towards a double-dip recession, warns US economist Joseph Stiglitz. He sat down with Martin Eiermann to discuss new economic thinking and the influence of money in politics. Πηγή:theeuropean-magazine.com πλήρες κείμενο
A World Adrift
Sachs, Jeffrey. The annual spring meetings of the International Monetary Fund and the World Bank have provided a window onto two fundamental trends driving global politics and the world economy. Geopolitics is moving decisively away from a world dominated by Europe and the United States to one with many regional powers but no global leader. […]
Is high public debt harmful for economic growth?
Panizza, Ugo, Presbitero, Andrea. Countries with high public debt tend to grow slowly – a correlation often used to justify austerity. This column presents new evidence challenging this view. The authors point out that correlation does not imply causality – it may be that slow growth causes high debt. They argue that policymakers should be wary […]