Hurricane Harvey has left in its wake upended lives and enormous property damage, estimated by some at $150 billion to $180 billion. But the storm that...
Although America’s right-wing plutocrats may disagree about how to rank the country’s major problems – for example, inequality, slow growth, low productivity,...
Under President Donald Trump’s leadership, the United States took another major step toward establishing itself as a rogue state on June 1 when it withdrew...
Donald Trump has thrown a hand grenade into the global economic architecture that was so painstakingly constructed in the years after World War II’s end. The...
Today, a quarter-century after the Cold War’s end, the West and Russia are again at odds. This time, though, at least on one side, the dispute is more...
In barely a month, U.S. President Donald Trump has managed to spread chaos and uncertainty – and a degree of fear that would make any terrorist proud – at a...
Every January, I try to craft a forecast for the coming year. Economic forecasting is notoriously difficult; but, notwithstanding the truth expressed in Harry...
As U.S. President-elect Donald Trump fills his Cabinet, what have we learned about the likely direction and impact of his administration’s economic policy?To...
I wrote at the beginning of January that economic conditions this year were set to be as weak as in 2015, which was the worst year since the global financial...
Something interesting has emerged in voting patterns on both sides of the Atlantic: Young people are voting in ways that are markedly different from their...
Last year was a memorable one for the global economy. Not only was overall performance disappointing, but profound changes – both for better and for worse –...
Recently, Angus Deaton received the Nobel Memorial Prize in Economics “for his analysis of consumption, poverty, and welfare.” Deservedly so. Indeed, soon...
At the end of every August, central bankers and financiers from around the world meet in Jackson Hole, Wyoming, for the U.S. Federal Reserve’s economic...
The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between...
The United States and the world are engaged in a great debate about new trade agreements. Such pacts used to be called “free-trade agreements;” in fact, they...
Children, it has long been recognized, are a special group. They do not choose their parents, let alone the broader conditions into which they are born. They...
Two new studies show, once again, the magnitude of the inequality problem plaguing the United States. The first, the U.S. Census Bureau’s annual income and...
On July 30, Argentina’s creditors did not receive their semiannual payment on the bonds that were restructured after the country’s last default in 2001....
Last month, a remarkable gathering occurred in Medellin, Colombia. Some 22,000 people came together to attend the World Urban Forum and discuss the future of...
Around the world, there is enormous enthusiasm for the type of technological innovation symbolized by Silicon Valley. In this view, America’s ingenuity...
Soon after the global financial crisis erupted in 2008, I warned that unless the right policies were adopted, Japanese-style malaise – slow growth and...
It has been three years since the outbreak of the euro crisis, and only an inveterate optimist would say that the worst is definitely over. Some, noting that...
Most people around the world will not be able to vote in the United States’ upcoming presidential election, even though they have a great deal at stake...
Mitt Romney’s income taxes have become a major issue in the American presidential campaign. Is this just petty politics, or does it really matter? In...
New discoveries of natural resources in several African countries – including Ghana, Uganda, Tanzania, and Mozambique – raise an important question: Will...