Stories That Can’t End Well

After almost a century in which economic policymaking was the preserve of technocrats and social scientists, scholars from narrative-based disciplines have begun to feature prominently in policy debates. But by using partial knowledge to advance specific policy prescriptions, they have become even more dangerous than economists. Read Here – Project Syndicate

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Why Capitalism Needs Populism

Globalization, digital technologies, and other factors have allowed competitive US corporations to achieve market dominance. If the past is any guide, it is only right that these “superstar” firms should now be challenged by grassroots political movements protesting against an unholy alliance of private-sector and government elites. Read Here – Project Syndicate

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The International Economic Policy Game

Until relatively recently, specialists in international relations had little interest in game theory; some were even “frightened” to hear the term, as the chair of one of my presentations put it to me several years ago. Today, many are better informed about the strategic analysis of political actors’ behaviour and decision-making. Read Here – Project […]

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Information Warfare Is Here To Stay

We often forget that the Internet is not as wireless as it seems. Most online data still flow through physical fiber-optic cables laid out across several hundred thousand miles of ocean floor. If a shark were to bite through a cable some or all of the Internet could come to a standstill. These days, however, […]

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How To Tax A Multinational

For too long, multinational corporations – and digital firms in particular – have used existing rules to avoid paying taxes in countries where they do much of their business. But recent encouraging signs suggest that the idea of a global corporate tax on these companies’ profits is gaining traction. Read Here – Project Syndicate

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The Future Of Economic Growth

Given the failures to foresee the 2008 financial crisis and subsequent weak recovery, it is easy to think that economists have little to offer in the way of predictions. But when it comes to national-level GDP growth, past projections have largely been borne out; even when wrong, they can be used to diagnose structural problems. […]

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