The economic and financial market outcomes now unfolding will be unpleasant, but they are not likely to be cataclysmic.
Straws and Camels’ Backs
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Transforming the Economics and Governance of Water
Water-related crises around the world have shown that current systems of governance and economic organization are unsuited for a world altered
China’s Future Will Reflect Russia’s
China learned from Russia’s post-1991 experience and pursued its economic liberalization with more care. But it ultimately could not avoid
Is the Pound Close to the Breaking Point?
While the pound’s recent declines may evoke memories of the 1992 “Black Wednesday” crisis, sterling’s weakness does not
ESG Is Just a New Tool to Solve an Old Problem
Environmental, social, and governance investing is fundamentally about finding new ways to manage risk.
Requiem for an Empire
Since World War II, Britain’s influence in the world has relied on its “special relationship” with the United States, its position as
Climate Injustice and the Curse of Illusory Growth
Advanced economies have long relied principally on developing countries for primary commodities and natural resources to fuel their industries
Are Markets Headed Down?
It is premature to conclude that weak profits will force equity valuations down significantly.
Whither the ESG Revolution?
Many companies are promising to align their objectives – including how they measure their performance – with broader imperatives relating
How Much Has the Ukraine War Changed Germany?
Germany faces no shortage of crises, from the Russian security threat and political instability among Western allies to democratic backsliding
Is Nuclear War Inevitable?
Russian aggression and nuclear saber rattling have reminded us that the likelihood of nuclear war is a matter of both independent and interdependent
Laboring Days
Summer is over and it is time for investors to get back to work. It may be hard labor.
Will Russia or the West Win the Economic and Financial Battle?
After six months of unprecedented Western sanctions, Russia’s economic situation, though bad, is arguably better than most observers expected.
Economics in the New Age of National Security
In an era of strategic competition, economics may have to rethink core principles, including comparative advantage and the gains from trade.
The Real Stakes at Jackson Hole this Year
Fighting inflation should not distract policymakers from the need to repair a broken global trading system.
Jackson Whole?
The Federal Reserve’s annual Jackson Hole conference is about to begin — don’t expect much clarity.
False Advertising for the Inflation Reduction Act
Listen to US President Joe Biden and other proponents of the recently signed Inflation Reduction Act, and you would think that America has
American CHIPS Off the Chinese Block
America’s world-leading semiconductor industry is a testament to the advantages a competitive market economy has over a command economy
Progressive Federalism to Combat Judicial Extremism
Although the US Supreme Court’s conservative supermajority has declared war on rights that a majority of US citizens cherish, US states
Xi Jinping’s Guns of August
Faced with a crippling pandemic and a spluttering economy, it is no surprise the President Xi is shoring up support via nationalism and claims
The Danger of Nuclear Reactors in War
Russia’s occupation of Ukraine’s peacetime nuclear reactors is a reminder that diplomacy must find solutions to safeguard nuclear power
Blame the Economists
Science has long recognized the dynamics of climate change. To our detriment, economics has been slower to adapt.
The Productivity Paradox
Short-term productivity growth is likely to come in weak, but the real problem is that American workers’ productivity gains have been suffering
From Great Moderation to Great Stagflation
For decades, relative global stability, sound economic-policy management, and the steady expansion of trade to and from emerging markets combined