The case for government spending during economic slowdowns has been hotly debated for decades. John Maynard Keynes went as far as to suggest that during a recession governments should pay people to do meaningless tasks — such as digging holes in the ground and then filling them up. Read Here – BloombergView
It is easy to say that nothing that is happening right now is normal, that the world has changed. It is harder but no less important to think about whether what seems strange right now does not amount to significant change in the future. Read Here – The Washington Post
Tocqueville, who wrote in the 1830s and 1840s; John Maynard Keynes, who wrote in the 1920s and 1930s; and Karl Polanyi, who wrote in the 1930s and 1940s. Read Here – Project Syndicate
The scale of World War One was unprecedented in several ways, including the cost to finance it. In fact, several of the countries involved are still facing related debts. Read Here – Quartz
With austerity the reigning buzzword in Beijing, it’s tempting to assume that China is finally joining the West’s ongoing debate about macroeconomics. In reality, China’s leaders are drawing on a vastly different intellectual history. Read Here – Foreign Affairs
The United States is rising; Europe is stabilizing; and both are moving closer together. That was the principal message earlier this month at the annual Munich Security Conference (MSC), a high-powered gathering of defense ministers, foreign ministers, senior military officials, parliamentarians, journalists, and national-security experts of every variety. Read Here – Project Syndicate
Whatever may be said about India, it is obvious that no structural transformation of our largely poverty-stricken economy has occurred and what is more, none seems very likely in the immediate future. Not only have three decades of high GDP growth gone unaccompanied by a societal transformation, we seem to have regressed on certain fronts. Read […]
looking beyond borders 