Some chickens are coming home to roost: EU fiscal policies in 2025
Martin Larch Amid geopolitical shocks, the EU is revisiting its industrial strategy. However, traditional metrics often paint a misleading picture of Europe’s underlying strength. This column uses a new approach to measure the EU’s relative state of technology in different sectors. It shows that although EU manufacturing broadly outperforms the rest of the world in […]
Adam Tooze: Price controls, nationalization, financial repression, fiscal-monetary coordination – embracing the Four Horsemen of Heterodoxy
If the current state of the world economy is marked by stark cognitive dissonance, if what is not sustainable cannot be sustained, then what comes next? One answer was given at the weekend in a piece in the FT by Gita Gopinath who recently returned to Harvard after stints as first deputy managing director and chief economist of […]
Τεχνολογική δυστοπία;
Μεταφέρω εδώ επιστολή αναγνώστριας με τίτλο “Public begins to face the harsh reality behind the AI hype”, η οποία δημοσιεύθηκε στην Φαϊνάνσιαλ Τάιμς της 9 Μαΐου 2026. Το δίχως άλλο, η απαισιοδοξία ξεχειλίζει, μα λείπουν τα εμπειρικά δεδομένα που πιθανώς θα την τεκμηρίωναν – πρόκειται κυρίως για ισχυρισμούς που σποραδικώς συνοδεύονται από ‘μαλακές’ ενδείξεις. Παρ’ […]
Ελλείμματα και πλεονάσματα στο ισοζύγιο τρεχουσών συναλλαγών, 2000-2024 (% παγκοσμίου ΑΕΠ)
Adam Tooze: The US economy in May 2026 – How much cognitive dissonance can you handle?
Open your favorite business paper or news site right now and you will be confronted with a scene of spectacular cognitive dissonance. We have a historic disruption to energy supplies and profound uncertainty about the future of the order in the Middle East. Brent crude is hovering around $100 and there are real fears about […]