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These 2 charts show how the coronavirus pandemic has spread and is slowing

One death is a tragedy; a million deaths is a statistic. Whether or not Stalin actually said this, it is a cruelly accurate description of economic reality. The global panic about the new...

Has monetary policy reached its limits?

A mood of foreboding dominated this month’s annual meetings of the International Monetary Fund and World Bank in Washington, DC. But fear of a global recession was not the real cause. Alt...

Here’s why the current global economic tumult is very good news for the EU

In the year since US President Donald Trump escalated America’s trade war with China, policymakers and financial markets have been obsessed with the dangers to both countries’ economies. ...

Three predictions for the economy in 2017

Economic pundits traditionally offer their (traditionally inaccurate) New Year predictions at the beginning of January. But global conditions this year are anything but traditional, so it...

The role of capitalism in the rise of populism

LONDON – The biggest political surprise of 2016 was that everyone was so surprised. I certainly had no excuse to be caught unawares: soon after the 2008 crisis, I wrote a book suggesting ...

A strategy for reversing Brexit. Should the EU use it?

How should the European Union respond to the narrow decision by voters in the United Kingdom to leave? European leaders are now focusing, rightly, on how to prevent other countries from l...

Has the oil price rebound reached its limit?

For the first time since last October, the price of a barrel of oil has broken through $50. So it seems a good time to update the analysis I presented in January 2015.

Is capitalism entering a new era?

Democratic capitalism is an evolving system that responds to crises by radically transforming both economic relations and political institutions. The time for a new phase has come, regard...

Should the world worry about Britain leaving the EU?

Among the multiple existential challenges facing the European Union this year – refugees, populist politics, German-inspired austerity, government bankruptcy in Greece and perhaps Portuga...

These 3 factors are sinking the world economy

January is usually expected to be a good month for stock markets, with new money gushing into investment funds, while tax-related selling abates at the end of the year. Although the data ...

Is this the end of big oil?

4 ways to view the US interest rate rise

How worried should we be about a rising dollar?

Why we don’t need to worry about China’s economy

Has the Fed abandoned monetarist theory?